Japanese internet and telecom conglomerate, SoftBank’s 20 percent stake purchase in One97 Communications, the parent company of digital payments platform Paytm, has been approved by the Competition Commission of India (CCI). The approval comes two months after Paytm raised Rs 9,000 crores ($1.4 billion) from SoftBank, making it the biggest investment by the Softbank in the Indian internet ecosystem.
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