The Competition Commission of India (CCI) approves subscription to securities of Ecom Express Private Limited by CDC Group plc.

            The proposed combination envisages subscription tosecurities of Ecom Express Private Limited(Ecom) by CDC Group plc. (CDC).

            CDCis a Development Finance Institution, wholly owned by the UK Government, which provides capital to private sector entrepreneurs in developing countries.

            Ecom, a company incorporated in India, is engaged in providing third party logistics (3PL) services.

 

Detailed order of the CCI will follow.

 

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RM/KMN

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