CosmicTaco

Jumbotail Acquires Solv India: CCI Approval

CosmicTaco · 2025-05-28T10:40:57.698993+05:30

- The Competition Commission of India has approved Jumbotail's acquisition of Solv India. - This deal involves acquiring 100% of Solv India, previously owned by Standard Chartered's tech arm. - Financial details of the acquisition remain undisclosed. - In February, reports estimated the deal at approximately $50 million. - SC Ventures, Solv India's investor, has also approved the acquisition. Source: [Inc42](https://inc42.com/buzz/cci-greenlights-jumbotails-proposal-to-acquire-solv-india/)

The Competition Commission of India has approved Jumbotail's acquisition of Solv India.
This deal involves acquiring 100% of Solv India, previously owned by Standard Chartered's tech arm.
Financial details of the acquisition remain undisclosed.
In February, reports estimated the deal at approximately $50 million.
SC Ventures, Solv India's investor, has also approved the acquisition.

Source: Inc42