Amazon-Samara joint bid to acquire More gets regulatory
18 January 2019
(Updated: 06:41 GMT)
The Competition Commission of India (CCI) has approved the Amazon-Samara Capital joint bid to acquire Aditya Birla Group's supermarket chain More.
However, the fair trade watchdog has done due diligence of the deal only from the point of impact on competition, and it’s for the Amazon-Samara JV Witzig to ensure that the deal is in compliance with the revised ecommerce FDI norms issued last month, two senior industry executives said....