The Competitors Fee of India (CCI), the honest commerce regulator, on Tuesday authorised the acquisition of a minority stake in Shadowfax Technogies by Mirae Group entities.
Mirae Group entities make legit investments and are in the end immediately or not directly managed by the worldwide funding supervisor Mirae Group.
“The Fee approves the proposed acquisition of minority stake in Shadowfax Applied sciences Personal Restricted by Mirae Group entities,” CCI posted on social media platform X on Tuesday.
Shadowfax Applied sciences offers third-party (3P) logistics and logistics providers within the nation.
Trades exceeding a sure threshold require approval from the regulator, which retains a examine on unfair enterprise practices in addition to selling honest competitors out there.
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First printed: November 14, 2023 | 10:49 pm he
(tags for translation) CCI divests minority stake of Mirae Group