CCI approves US-based KKR's proposal to acquire stake in Rebel Foods

Q: How long will it take to read this news story?

The story "CCI approves US-based KKR&#039;s proposal to acquire stake in Rebel Foods" has 401 words across 12 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "CCI approves US-based KKR&#039;s proposal to acquire stake in Rebel Foods" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 323 news stories per day. It's most recent story was published 5 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24447774</li><li>URL: https://beamstart.com/news/cci-approves-us-based-kkrs-17343697502622</li></ul>

Business Standard Logo Business Standard 7h ago

CCI approves US-based KKR's proposal to acquire stake in Rebel Foods - Business Standard

Quick Summary:

US-based KKR (Kohlberg Kravis Roberts & Co), through its affiliate -- Royce Asia Holdings II Pte, is acquiring a stake in Rebel Foods, which owns Faasos, Behrouz Biryani, Oven Story and other cloud kitchens.

The Competition Commission of India (CCI) on Monday approved global investment firm KKR's proposal to acquire a stake in home-grown food-tech company Rebel Foods.

"By way of the proposed transaction, Royce proposes to acquire certain equity shares and compulsorily convertible preference shares of Rebel Foods (on a fully diluted basis) by way of a secondary purchase," CCI said.