CCI Approves Acquisition of Shadow fax Technologies Private Limited

  • The Competition Commission of India (CCI) has approved the acquisition of Shadow Fax Technologies Private Limited by New Quest Asia Fund IV (Singapore) Pte. Ltd. 
  • The acquisition pertains to a shareholding in Shadow fax Technologies Private Limited (SFX/ Target) from Eight Roads Investments Mauritius II Limited and other shareholders of SFX. 
  • TPG NQ, part of a closed private equity fund managed by TPG New Quest, is part of the TPG group. 
  • Target is a crowd-sourced logistics platform providing hyper-local delivery services and third-party logistics services to e-commerce platforms in India.
Posted in Current Affairs.