Tradersâ body CAIT to approach CCI against More deal: Report
Traders' body CAIT is reportedly planning to approach the Competition Commission of India to oppose the acquisition of retail chain More by Samara Capital and Amazon. It had earlier protested against Flipkart's acquisition by US retail giant Walmart. CAIT Secretary General Praveen Khandelwal reportedly said that foreign direct investment in retail could kill small businesses in India.