Competition Commission of India approves acquisition of monetary stake in ShadowFax Technologies by Mirae Group entities
Economy Business
Fair trade regulator Competition Commission of India (CCI) approved Mirae Group Entities' acquisition of minority stake in Shadowfax Technologies. Mirae Group entities make venture investments and are ultimately controlled, directly or indirectly, by global investment manager Mirae Group. Shadowfax Technologies provides logistics services and third party (3P) logistics in the country. Deals above a certain limit require approval from the regulator, which keeps an eye on unfair business practices as well as promotes fair competition in the market.
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