News Details

CCI approval for Delhivery & FedEx India deal


The Competition Commission of India (CCI) has approved the acquisition of minority stake in Delhivery Ltd by FedEx Express Transportation and Supply Chain Services (India) Pvt. Ltd and acquisition of certain operating assets of FedEx India and TNT India Pvt. Ltd by Delhivery.


The proposed combination relates to the i) acquisition of minority stake in Delhivery by FedEx India and, ii) acquisition of operating assets of FedEx India and TNT by Delhivery. In addition, the parties also propose to enter into certain interconnected and ancillary transactions, said a communiqué.

 

Source: Exim News Service: New Delhi, Nov. 24

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