CCI approves the proposed acquisition of shares in Rebel Foods Private Limited by Jongsong Investments Pte. Ltd.

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....CI approves the proposed acquisition of shares in Rebel Foods Private Limited by Jongsong Investments Pte. Ltd. <br>News and Press Release<br>Dated:- 27-11-2024<br><BR>Competition Commission of India ....

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....has approved the proposed acquisition of shares in Rebel Foods Private Limited by Jongsong Investments Pte. Ltd. The proposed combination envisages the subscription to certain compulsorily convertible....

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.... preference shares and the acquisition of equity shares of Rebel Foods Private Limited (Rebel Foods) by Jongsong Investments Pte. Ltd. (Jongsong). Jongsong, an investment holding company, is an indir....

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....ect wholly owned subsidiary of Temasek Holdings (Private) Limited (Temasek). Temasek is an investment company headquartered in Singapore. Temasek's global portfolio covers a broad spectrum of industri....

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....es. Rebel Foods (including its affiliates) is engaged in the organised food services business and, inter alia, operates cloud kitchens, restaurants, food courts, and cafes. Detailed order of the Com....

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....mission will follow.<BR> News - Press release - PIB....