CCI Authorizes Increased Investment in Rapido by MIH Investments

The Competition Commission of India has approved MIH Investments One B.V.'s proposal to increase its shareholding in Roppen Transportation Services Private Limited, which operates as Rapido. MIH Investments is a wholly-owned subsidiary of Prosus N.V., primarily serving as an investment holding entity. Rapido provides app-enabled, technology-based taxi services across India.

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