CAIT files petition before CCI: Seeking to block Amazon's deal to pick up Cloudtail 100% shareholding
_large.jpeg)
17 January 2022, Mumbai:
Domestic traders' body the Confederation of Indian Traders Association (CAIT) has filed a fresh petition before the Competition Commission of India (CCI) to block the acquisition of Cloudtail India by Amazon Asia Pacific.
Last month e-commerce giant announced its plans to take full control of Cloudtail - the largest seller on its platform. It had approached the CCI for approval to acquire Narayana Murthy-led Catamaran Ventures stake in Prione which operates Cloudtail.
In its prayer to the commission CAIT said, "Pass an order blocking or keeping in abeyance the proposed combination of acquisition of Prone Business Services Pvt Ltd by Amazon Asia Pacific Resources Pvt Ltd in C-20210120893 till pendency of Case no. 40/2019".
(The news article has not been edited by DFU Publications staff)
Stay Updated.
Follow us on Linkedin & Youtube.
Author’s Posts
-
62nd JOINT TECHNOLOGICAL CONFERENCE
To be inaugurated by: Hon’ble Minister of Textiles, GoI, Giriraj Singh
Oct 16, 2024
-
Brazil cotton over-reliance on exports!
Marcelo Duarte Monteiro, Director ABRAPA who is based out of Singapore delivered a s...
Oct 09, 2024
-
The 3rd Global Cotton Conference
The 3rd Global Cotton Conference is just around the corner, scheduled for October 7, 2024, at La Shan...
Oct 01, 2024
-
NISTI-IIT Delhi Joint Conference on Sustainability in Textiles and Clothing
Emerging Trends in Fibers, Fabrics, Processes, and Fashion
Sep 30, 2024
-
ICAHT-2024: OGTC
23 September 2024, Mumbai
Latest Publications
