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Flipkart-eBay India deal gets Competition Commission nod

Earlier this year, Flipkart had raised $1.4 bn from Tencent Holdings, Microsoft Corp and eBay Inc

Press Trust of India  |  New Delhi 

E-commerce major Flipkart's proposed acquisition of eBay India has received approval from the Competition Commission. Besides, the fair trade regulator has given nod to eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by Flipkart. In a tweet, the Competition Commission of India (CCI) said that it has approved "subscription by eBay Singapore of CCPS issued by Flipkart and acquisition of eBay India by Flipkart". As per the notice submitted to the regulator, the transaction relates to the acquisition of 100 per cent share ...

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First Published: Thu, June 15 2017. 21:07 IST
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