Economics·Ministry of Corporate Affairs
CCI approves the proposed combination involving Jumbotail Technologies Pvt. Ltd. (JTPL), Standard Chartered Research and Technology India Pvt. Ltd. (SCRTIPL), SC Ventures Holdings Limited (SC Ventures
The Competition Commission of India (CCI) approved a proposed combination of several entities, including Jumbotail Technologies and Standard Chartered Research and Technology India.
The transaction involves Jumbotail acquiring SCRTIPL, which operates 'Solv', an online B2B platform for MSMEs. CCI's decision underscores its role in regulating mergers to maintain market competition.