MUFG Bank, Koch Group gets CCI approval to acquire stake in Shiprocket

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MUFG Bank, Koch Group gets CCI approval to acquire stake in Shiprocket - Business Standard

Quick Summary:

The Competition Commission of India (CCI) on Tuesday cleared MUFG Bank's and American conglomerate Koch Group's proposed acquisition of shareholding in logistics aggregator Shiprocket.

In another release, fair trade regulator CCI said the proposed combination envisages acquisition of certain shareholding in Shiprocket Pvt Ltd by KDT Venture Holdings, LLC.

"The proposed combination envisages acquisition of certain shareholding of Shiprocket Pvt Ltd by MUFG Bank Ltd," the CCI said in a release.