India: Nippon Express gets CCI nod to acquire 22% stake in Future Supply

India: Nippon Express gets CCI nod to acquire 22% stake in Future Supply

Photo: Mint

Competition Commission of India on Tuesday approved the proposed acquisition of 22% stake in Future Supply Chain Solutions Ltd by Nippon Express (south Asia & Oceania) Pte Ltd. Nippon Express will acquire the said stake in Future Supply for 641 crore, executing its plans to tap the rapidly growing Indian logistics market.