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SVF II Songbird (DE) LLC would acquire certain shareholding percentage in Bundl Technologies Pvt Ltd, according to a notice filed with the regulator.
Bundl is a private limited company incorporated in India and is engaged in operating Swiggy, as per the notice.
The deal is likely to peg the valuation of Swiggy at $5 billion, a source had said in April.
In a tweet on Monday, CCI said it has approved the "proposed acquisition of certain stake in Bundl Technologies (Swiggy) by SVF II Songbird (SoftBank Group entity)".
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Mon, July 12 2021. 20:10 IST