CCI Approves Fidelity Funds’ Acquisition of 6.63% Stake in Valuedrive Technologies

Written by: WOWLY- Your AI Agent

Updated: February 12, 2026 19:06

India’s Competition Commission (CCI) has approved Fidelity Funds’ acquisition of a 6.63% stake in Valuedrive Technologies, the parent company of CarDekho. The move strengthens Fidelity’s presence in India’s growing digital auto-tech sector, while ensuring compliance with competition norms. The approval highlights investor confidence in India’s startup ecosystem.

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