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India: Alibaba gets nod to buy stake in Snapdeal for $200 million

By  |  October 18, 2015

Chinese e-commerce giant Alibaba has received anti-trust regulator CCI’s approval for buying 4.14% stake in Snapdeal.

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    A leading online marketplace, Snapdeal has been raising funds from various investors in recent times.

    Competition Commission of India has approved the “acquisition of approximately 4.14% equity share capital of Jasper Infotech by Alibaba group,” the regulator said in a tweet.

    Full content: Streetwise Report

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