CCI approves acquisition of Rivigo by Warburg Pincus-controlled SCIL
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Competition Commission of India or CCI has approved the acquisition of Rivigo by Spring Canter Investment Ltd (SCIL) through a subscription of compulsorily convertible preference shares, according to a notification released by the antitrust watchdog. SCIL is an investment holding company incorporated under the laws of Mauritius and does not have any physical presence in India.