Flipkart and eBay India received approval from the Competition Commission of India (CCI)

Posted on:16 Jun 2017 15:50:26
Flipkart and eBay India received approval from the Competition Commission of India (CCI)
16 June 2017 Current Affairs:

  • Flipkart and eBay India approved by the Competition Commission of India (CCI) for subscription of Flipkart’s shares issued by its Singapore-headquartered entity.

  • It raised United State Dollars 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc.

  • In April this year, eBay Inc. had invested $500 million into Flipkart and sold its India business to the company to pick up a stake in Flipkart.


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