{"id":223153,"date":"2019-12-11T16:30:32","date_gmt":"2019-12-11T11:00:32","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223153"},"modified":"2019-12-11T16:02:36","modified_gmt":"2019-12-11T10:32:36","slug":"cci-approves-acquisition-of-stake-in-future-supply-by-nippon-express","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/11\/cci-approves-acquisition-of-stake-in-future-supply-by-nippon-express\/","title":{"rendered":"CCI approves acquisition of stake in Future Supply by Nippon Express"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) approves the acquisition of stake in Future Supply Chain Solutions Limited (Future Supply) by Nippon Express (South Asia &amp; Oceania) Pte. Ltd. (Nippon Express), under Section 31(1) of the Competition Act, 2002.<\/p>\n<p style=\"text-align: justify;\">The proposed combination pertains to the acquisition by Nippon Express of approximately 22% of the total issued and paid-up share capital of Future Supply, on a fully diluted basis.<\/p>\n<p style=\"text-align: justify;\">Nippon Express is a Singapore-based wholly-owned subsidiary of Nippon Express Co. Ltd., with operations over the South Asian and Oceania regions. It is a Japan-based global logistics company, which provides one-stop logistics services, which include, transport services, global supply chain management, warehouse and distribution services, etc.<\/p>\n<p style=\"text-align: justify;\">Future Supply is a third-party supply chain and logistics service provider in India which offers automated and IT-enabled warehousing, distribution and other logistics solutions. These services include, (a) contract logistics; (b) express logistics; and (c) temperature-controlled logistics. The Target, inter alia, offers warehousing and distribution services and automated technology systems to cater to its customers\u2019 supply chain needs. Additionally, it also provides international freight forwarding services by water routes and air routes.<\/p>\n<hr \/>\n<p><strong>Ministry of Corporate Affairs<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 10-12-2019]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Source: PIB]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) approves the acquisition of stake in Future Supply Chain Solutions Limited (Future Supply) by Nippon Express <\/p>\n","protected":false},"author":8808,"featured_media":76441,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[15971,37911,38805,38806],"class_list":["post-223153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-acquisition","tag-combination","tag-paid-up-share-capital","tag-third-party-supply-chain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CCI approves acquisition of stake in Future Supply by Nippon Express | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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HMC and KMC are a part of the Hyundai Motor Group (HMG), engaged in the business of manufacturing and distribution of automobiles, automobile parts\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Competition-Commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222655,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/29\/cci-approves-acquisition-by-amazon-com-in-future-coupons\/","url_meta":{"origin":223153,"position":4},"title":"CCI approves acquisition by Amazon.com in Future Coupons","author":"Bhumika Indulia","date":"November 29, 2019","format":false,"excerpt":"Competition Commission of India (CCI) approves the acquisition by Amazon.com NV Investment Holdings LLC (\u201cAcquirer\u201d) in Future Coupons (Private) Limited (\u201cFCL\/Target\u201d), under Section 31(1) of the Competition Act, 2002, today. The proposed combination pertains to the acquisition by the Acquirer of approximately 49% of the voting and non-voting equity shares\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":242525,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/21\/cci-approves-acquisition-of-stake-by-axis-bank-limited-axis-capital-limited-axis-securities-limited-in-max-life-insurance-company-limited\/","url_meta":{"origin":223153,"position":5},"title":"CCI approves acquisition of stake by Axis Bank Limited, Axis Capital Limited &#038; Axis Securities Limited in Max Life Insurance Company Limited","author":"Bhumika Indulia","date":"January 21, 2021","format":false,"excerpt":"The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited. Axis Bank Limited provides services in retail banking, which includes retail lending and retail deposits, wholesale banking, payment solutions, wealth management, forex\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/MCA.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=223153"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/76441"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=223153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=223153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=223153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}