Competition Payment of India
CCI approves acquisition of stake in Busybees Logistics by TPG
Posted On: 23 MAR 2022 5: 55PM by PIB Delhi
The Competition Payment of India (CCI) approves acquisition of the stake in Busybees Logistics by TPG.
The proposed mixture envisages acquisition of ~7% shareholding of Busybees Logistics Alternatives Non-public Diminutive (Xpressbees) by TPG Boost V SF Markets Pte. Ltd. (TPG SF).
TPG SF is majority owned and controlled by obvious mates of TPG, Inc. TPG, Inc. is the final maintaining firm of the TPG crew. TPG Neighborhood is an investment firm and has sources below administration in sectors similar to user, healthcare, skills, monetary products and services, shuffle, media and loyal-property.
Xpressbees is engaged in the industry of offering logistics and supply answer products and services collectively with explicit parcel shipping products and services, B2B fragment truck load and complete truck load freight products and services, unsuitable border logistics and third-party (3P) logistics / contract logistics.
Detailed enlighten of the CCI will practice.
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