NEW DELHI: Truthful commerce regulator Competitors Fee of India (CCI) on Tuesday cleared Mirae Group entities’ acquisition of a minority stake in Shadowfax Technogies. The Mirae Group entities undertake enterprise investments and are in the end instantly or not directly managed by the worldwide funding supervisor Mirae Group.
“The fee approves the proposed acquisition of minority stake in Shadowfax Applied sciences Non-public Restricted by the Mirae Group Entities,” in accordance with a publish by CCI on social media platform X on Tuesday.
Shadowfax Applied sciences offers logistics companies, and third celebration (3P) logistics companies within the nation.
The offers past a sure threshold require approval from the regulator, which retains a tab on unfair enterprise practices in addition to promotes honest competitors within the market.
“The fee approves the proposed acquisition of minority stake in Shadowfax Applied sciences Non-public Restricted by the Mirae Group Entities,” in accordance with a publish by CCI on social media platform X on Tuesday.
Shadowfax Applied sciences offers logistics companies, and third celebration (3P) logistics companies within the nation.
The offers past a sure threshold require approval from the regulator, which retains a tab on unfair enterprise practices in addition to promotes honest competitors within the market.
