MUFG Bank, Koch Group Seek CCI Approval For Stake In Shiprocket

MUFG Bank, Koch Group seek CCI approval for stake in Shiprocket: MUFG Bank and Koch Group have approached the Competition Commission of India (CCI) for approval to acquire a stake in Shiprocket, a leading logistics and e-commerce shipping platform in India. The investment aims to support Shiprocket’s growth and expansion plans, enabling the company to enhance its technology infrastructure and service offerings. MUFG Bank and Koch Group’s strategic investment will provide Shiprocket with the necessary resources to scale its operations and improve its logistics capabilities. The acquisition is expected to strengthen Shiprocket’s position in the competitive e-commerce logistics market and drive innovation in the sector. The CCI’s approval is awaited to finalize the transaction.