The Indian Competition Authority approves the acquisition of two online retail supermarket companies by a digital payments technology company (Tata Digital / Supermarket Grocery Supplies / Innovative Retail Concepts)

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Indian Competition Authority, Tata Digital / Supermarket Grocery Supplies / Innovative Retail Concepts, Combination Reg. No. C-2021/03/822, 28 April 2021

The CCI approved the acquisition by Tata Digital Limited (TDL) of up to 64.3% of the total share capital of Supermarket Grocery Supplies Limited (SGS) and a potential subsequent acquisition by SGC of sole control over Innovative Retail Concepts Private Limited (IRC). [1] TDL provides technology services related to identity &

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