Google parent Alphabet gets CCI’s clearance to acquire stake in Flipkart, here’s what the order says
By
Isha Sharma
The Competition Commission of India (CCI) has granted approval to Google parent Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart-owned e-commerce firm Flipkart. The proposed transaction comprises investment through subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC; and an arrangement between an affiliate of Alphabet and Flipkart’s subsidiary for the provision of certain services.