Ola founders get CCI nod to buy 6.72% stake in parent entity

Ola founders, Bhavish Aggarwal and Ankit Bhati, have received approval from the Competition Commission of India (CCI) to increase their stake by 6.72% in Ola's parent, ANI Technologies. It will be done through Singapore-based investment holding company, Lazarus Holdings. Singapore-based Temasek's investment company MacRitchie has also received approval to increase its stake in Ola's parent.