CCI likely to put a roadblock in the merger of Uber and Ola in India

SoftBank, a common investor in both Ola and Uber, is learnt to be mediating the merger talks between the two companies

The country’s competition watchdog, the Competition Commission of India (CCI), could put a roadblock in the merger of Uber and Ola in India, after the Competition Commission of Singapore (CCS) flagged up a similar case in the Southeast Asian ride-haling sector.
 
Last week, the CCS initiated an investigation into the merger of Uber and Grab, saying this could create a monopoly in the region. It also asked both players to maintain their pre-transaction independent pricing.
 
Japanese investment giant SoftBank, a common investor in both Ola and Uber, is learnt to be mediating the merger talks between the two