The Competition Commission of India (CCI) has approved a multi-tiered deal involving Bengaluru-based Jumbotail Technologies’ proposed acquisition of Standard Chartered Research and Technology India Pvt Ltd (SCRTIPL).
Jumbotail Technologies operates an online marketplace focused on the wholesale and distribution of products.
According to a release by the CCI, "The proposed transaction involves Jumbotail Technologies Pvt Ltd (JTPL) acquiring 100% shareholding in SCRTIPL."