It has also given nod to acquisition of certain operating assets of FedEx India and TNT India by Delhivery. Under the proposed combination, FedEx India will acquire a minority stake in Delhivery on fully diluted basis along with certain minority investor rights, according to a combination notice filed with the regulator.CCI approves FedEx India#39;s minority stake-buy in Delhivery
It has also given nod to acquisition of certain operating assets of FedEx India and TNT India by Delhivery. Under the proposed combination, FedEx India will acquire a minority stake in Delhivery on fully diluted basis along with certain minority investor rights, according to a combination notice filed with the regulator.
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