The Competition Commission of India (CCI) has approved SoftBank Group’s purchase of a 20% stake in One97 Communications, the parent company of digital payments firm Paytm.
AZB & Partners advised SoftBank Group in the acquisition, led by partners Samir R Gandhi and Rahul Rai and supported by senior associate Akshat Kulshrestha.
“AZB completed the notification requirements under section 6(2) of the Competition Act and facilitated the process of getting an expedited approval from the CCI within 19 working days,” said Gandhi.
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