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The Competition Commission of India (CCI) approved Zomato’s request to acquire approximately what percentage stake in the online grocery platform Grofers India and its wholesale entity Hands on Trades?

1. 6.1
2. 7.9
3. 8.4
4. 9.3

Correct answer: 9.3

Solution

The CCI approved Zomato’s acquisition of about 9.3% stake in Grofers India and its wholesale entity Hands on Trades. This was part of a strategic investment in the company.

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