<p>The Competition Commission on Wednesday said it has approved the acquisition of shares by Hyundai Motor and Kia Motors in ANI Technologies and Ola Electric.</p>.<p>As per a notice, the transaction pertains to the acquisition of a minority equity stake in ANI Technologies and Ola Electric by Hyundai Motor and Kia Motors.</p>.<p>Fair trade regulator in a tweet said it "approves acquisition of shares in ANI Technologies and OLA Electric by Hyundai Motor and Kia Motors subject to compliance of modifications."</p>.<p>"The Commission approved the proposed combination subject to the carrying of modifications proposed by Hyundai Motor Company and Kia Motors Corporation," the Competition Commission of India (CCI) said in a release.</p>.<p>The proposed transaction does not give rise to any competition concerns, it added.</p>.<p>In India, ANI Technologies provides radio taxi services under the name of Ola. Further, ANI Technologies, through its subsidiary Ola Fleet Technologies, is engaged in operational leasing.</p>.<p>Ola Electric provides charging infrastructure services for electric vehicles in India.</p>
<p>The Competition Commission on Wednesday said it has approved the acquisition of shares by Hyundai Motor and Kia Motors in ANI Technologies and Ola Electric.</p>.<p>As per a notice, the transaction pertains to the acquisition of a minority equity stake in ANI Technologies and Ola Electric by Hyundai Motor and Kia Motors.</p>.<p>Fair trade regulator in a tweet said it "approves acquisition of shares in ANI Technologies and OLA Electric by Hyundai Motor and Kia Motors subject to compliance of modifications."</p>.<p>"The Commission approved the proposed combination subject to the carrying of modifications proposed by Hyundai Motor Company and Kia Motors Corporation," the Competition Commission of India (CCI) said in a release.</p>.<p>The proposed transaction does not give rise to any competition concerns, it added.</p>.<p>In India, ANI Technologies provides radio taxi services under the name of Ola. Further, ANI Technologies, through its subsidiary Ola Fleet Technologies, is engaged in operational leasing.</p>.<p>Ola Electric provides charging infrastructure services for electric vehicles in India.</p>