 "Ola")
Competition watchdog Competition Commission of India (CCI) on Monday said in a tweet that it had approved the proposal of Ola founders Bhavish Aggarwal and Ankit Bhati to increase their stake in ANI Technologies, which owns the app-based cab aggregator.
The acquisition of a 6.72 per cent stake will be made through Singapore-incorporated Lazarus Holdings, a special purpose vehicle to be used as an investment holding company.
Earlier last month, Aggarwal, Bhati and MacRitchie through Lazarus had proposed to buy shares from certain existing shareholders of ANI and sought CCI’s approval for this. MacRitchie Investments is an indirectly wholly owned subsidiary of
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