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of <h1>MUFG Bank Gains Approval to Acquire Stake in Indian Logistics Platform Shiprocket, Expanding Service Reach.</h1> The Competition Commission of India approved the acquisition of a shareholding in Shiprocket Private Limited by MUFG Bank, Ltd. MUFG Bank, a Japanese entity and subsidiary of Mitsubishi UFJ Financial Group, Inc., offers banking services in India. Shiprocket operates a logistics platform providing services through various logistics providers. The detailed order from the Commission is forthcoming.
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