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CCI of India approves acquisition of shareholding of Ola by Hyundai Motor Group

On October 30, Competition Commission of India approved the acquisition of shareholding in ANI Technologies Private Limited (ANI) and Ola Electric Mobility Private Limited by Hyundai Motor Company and Kia Motors Corporation. The Proposed Combination relates to acquisition of equity stake in ANI and OEM by HMC and KMC....

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