Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Ola Founders, Temasek To Acquire 10% Stake In Ride-hailing Firm | Techcircle
Venture Capital

Ola Founders, Temasek To Acquire 10% Stake In Ride-hailing Firm | Techcircle

by techcircle.vccircle.com posted 2months ago 29 views
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.