The Competition Commission on Wednesday said it has approved acquisition of shares by Hyundai Motor and Kia Motors in ANI Technologies and Ola Electric.
As per a notice, the transaction pertains to the acquisition of minority equity stake in ANI Technologies and Ola Electric by Hyundai Motor and Kia Motors.
Fair trade regulator in a tweet said it "approves acquisition of shares in ANI Technologies and OLA Electric by Hyundai Motor and Kia Motors subject to compliance of modifications."