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CCI Approves Investments in Porter and UBS India Units by Kedaara Capital and 360 ONE.

Banking & Finance | Dated: 10 Jul 2025

On July 8, 2025, the Competition Commission of India (CCI) under the Ministry of Corporate Affairs approved two major investments—private equity firm Kedaara Capital investing in logistics unicorn Porter, and 360 ONE Group acquiring select wealth and lending units from global bank UBS AG. These approvals pave the way for significant transformation in India’s logistics and financial services sectors.

🎯 Key Highlights:

  • - Kedaara Capital, via its affiliates Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF, received CCI nod to purchase an undisclosed equity stake in SmartShift Logistics Solutions Pvt Ltd, parent company of Porter.
  • - The deal follows Porter’s USD 200 million Series F fundraising valued at USD 1.2 billion in May 2025, positioning it among India’s fastest-growing unicorns and marking Kedaara’s entry into the logistics tech space.

💡 Other Important Facts:

  • (i) In the financial sector, 360 ONE Portfolio Managers Ltd, 360 ONE Distribution Services Ltd, and 360 ONE Prime Ltd received green light from CCI to acquire various business segments from UBS India, including portfolio management, stockbroking, financial product distribution, and loan portfolio.
  • (ii) Additionally, UBS AG will subscribe to warrants representing a 4.95% equity stake in 360 ONE WAM Ltd, signaling a strategic long-term partnership.
  • (iii) These approvals support two major Indian industry narratives: Porter will leverage the fresh capital to further build its tech-enabled logistics platform across cities and strengthen operations; 360 ONE’s acquisition of UBS’s wealth and lending arms enhances its offerings in asset management, broking, and credit products, and consolidates its position in the HNI and retail financial services market.

📚 Test Your Knowledge:

Recently, which private equity firm received CCI approval to invest in logistics unicorn Porter?

Correct Answer: Kedaara Capital

🚀 Quick Recap:

About CCI

  • Chairperson: Ravneet Kaur
  • Headquarters: New Delhi