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

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..... CCI approves the acquisition of certain shareholding of Shiprocket Private Limited by MUFG Bank, Ltd.
News and Press Release
Dated:- 4-12-2024

Competition Commission of India (CCI) has a .....

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..... pproved 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 ( .....

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..... Target) 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 .....

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..... engaged 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 .....

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..... providers listed on its platform. Detailed order of the Commission will follow.
News - Press release - PIB .....

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