India, May 27 -- The Government of India issued the following news release:
The Competition Commission of India has approved the proposed combination involving Jumbotail Technologies Pvt. Ltd. (JTPL), Standard Chartered Research and Technology India Pvt. Ltd. (SCRTIPL), SC Ventures Holdings Limited (SC Ventures), Solv-India Pte. Ltd. (Solv-India), SCV Master Holding Company Pte. Ltd. (SCV Master), Artal Asia Pte Ltd. (Artal Asia), and founders of JTPL, namely Mr. Subramanian Karthik Venkateswaran and Mr. Ashish Jhina .
The Proposed Combination pertains to:
* acquisition of 100% shareholding in SCRTIPL by JTPL;
* issuance of certain shares of JTPL to SC Ventures and Solv-India;
* subscription of certain shares in JTPL by SCV Master and ...