CCI Okays Kedaara Capital's Proposal To Acquire Stake In Porter

CCI Clears Kedaara Capital’s Stake Buy in Porter’s Parent Company

The Competition Commission of India (CCI) has approved the acquisition of a stake in SmartShift Logistics Solutions Private Limited, the parent company of Porter, by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF — both affiliates of Kedaara Capital.Key Highlights     Target Company: SmartShift Logistics Solutions Pvt. Ltd. Brand Operated: Porter — an on-demand logistics platform Acquirers: Kedaara Sapphire Holding and Kedaara Capital…

CCI approves Kedaara Capital’s stake acquisition in Porter - Maritime Gateway

The private equity firm Kedaara Capital’s plan to purchase stock in SmartShift Logistics Solutions, the parent company of on-demand logistics turned unicorn Porter, was approved by the Competition Commission of India (CCI) on Tuesday. Through its two affiliates, Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF, Mumbai-based Kedaara Capital is purchasing stock in Porter. “CCI authorizes Kedaara Sapphire Holding and Kedaara Capital Fund IV…

CCI Okays Kedaara Capital's Proposal To Acquire Stake In Porter

The Competition Commission of India on Tuesday cleared a proposal by private equity firm Kedaara Capital to acquire a stake in SmartShift Logistics Solutions, the parent company of on-demand logistics-turned-unicorn Porter.

Kedaara Gets CCI Nod To Invest In Porter

The Competition Commission of India (CCI) has approved Kedaara Capital’s plan to invest in hyperlocal logistics startup Porter. Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF, both investment arms of Kedaara, will jointly acquire a stake in the company. Porter offers logistics services across India, mainly focusing on intra-city transport and last-mile delivery. The CCI said a detailed order will be issued later. This move comes as Ked…