CCI okays GIC's proposal to acquire minority stake in Groww

CCI okays GIC's proposal to acquire minority stake in Groww

CCI okays GIC's proposal to acquire minority stake in Groww

CCI Approves GIC's Investment In IPO-Bound Groww

In the run up to Groww’s IPO, the Competition Commission of India (CCI) has approved Singapore’s sovereign wealth fund GIC’s stake acquisition in the fintech unicorn.  In a statement today, the CCI said it approved the proposal of GIC Ventures’ subsidiary Viggo Investment to buy a 2.14% stake in the investment tech major. The investor had sought the CCI’s approval for the transaction in May.  Last month, Groww’s board approved the allotment of 1…