Jumbotail Acquires Solv India: CCI Approval

• The Competition Commission of India has approved Jumbotail's acquisition of Solv India.
• This deal involves acquiring 100% of Solv India, previously owned by Standard Chartered's tech arm.
• Financial details of the acquisition remain undisclosed.
• In February, reports estimated the deal at approximately $50 million.
• SC Ventures, Solv India's investor, has also approved the acquisition.

Source: Inc42