SoftBank’s 20% stake buy in One97 Communications approved: CCI

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New Delhi, July 18 (IANS) The Competition Commission of India (CCI) on Tuesday said it has approved Japan-based SoftBank’s acquisition of 20 per cent stake in One97 Communications, the firm which owns electronic payment and e-commerce company Paytm.

In a tweet, the CCI said: “@CCI India approves acquisition of 20 per cent stake in One97 Communications Limited by SoftBank Group Corp.”

–IANS

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