CCI approves the acquisition of certain shareholding of Shiprocket Private Limited by MUFG Bank, Ltd.

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....CI approves the acquisition of certain shareholding of Shiprocket Private Limited by MUFG Bank, Ltd. <br>News and Press Release<br>Dated:- 4-12-2024<br><BR>Competition Commission of India (CCI) has ap....

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....proved the acquisition of certain shareholding of Shiprocket Private Limited by MUFG Bank, Ltd. The Proposed Combination envisages acquisition of certain shareholding of Shiprocket Private Limited (T....

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....arget) by MUFG Bank, Ltd. (Acquirer). The Acquirer is incorporated in Japan and is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), being the ultimate parent company. It is e....

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....ngaged in banking services in India. The Target operates a logistics platform whereby it provides logistics services to other businesses, domestically and internationally, through logistics service p....

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....roviders listed on its platform. Detailed order of the Commission will follow.<BR> News - Press release - PIB....