CCA says Ram-linked Ajantha should exit Reddy Group in Engen deal

Sunday Standard CCA says Ram-linked Ajantha should exit Reddy Group in Engen deal The Competition and Consumer Authority (CCA) has approved the acquisition of a 70 percent stake in Engen Botswana by Fusionspark, but ordered a company linked to businessman Ramachandran Ottapathu to exit Reddy Group before the transaction can be implemented. The decision places a major condition on Ottapathu’s expanding interests in Botswana’s petroleum industry, with the […] The post CCA says Ram-linked Ajantha should exit Reddy Group in Engen deal first appeared on Sunday Standard and is written by Cedric Swanka

Sep 13, 2026 - 20:29

Sunday Standard

CCA says Ram-linked Ajantha should exit Reddy Group in Engen deal

The Competition and Consumer Authority (CCA) has approved the acquisition of a 70 percent stake in Engen Botswana by Fusionspark, but ordered a company linked to businessman Ramachandran Ottapathu to exit Reddy Group before the transaction can be implemented.

The decision places a major condition on Ottapathu’s expanding interests in Botswana’s petroleum industry, with the authority identifying potential competition risks arising from the overlap between his interests in Fusionspark and Ajantha Proprietary Limited.

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