Ola’s co-founders, along with Singapore’s state investment arm Temasek, are in the process of buying out a less than 10% stake in the cab-hailing firm’s parent company ANI Technologies Pvt. Ltd through a secondary sale transaction. According to a filing made with the Competition Commission of India, Bhavish Aggarwal and Ankit Bhati, along with Temasek, have sought the approval of the country’s competition watchdog for the indirect acquisition. The proposed transaction has been structured through a special purpose vehicle (SPV) that Temasek has created.