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CPPIB gets CCI nod to acquire 8% stake in Delhivery


The Competition Commission of India has approved stake acquisition in logistics firm Delhivery by Canada Pension Plan Investment Board. The agreement is related to the acquisition of around 8% equity stake in the Softbank-backed company through a secondary purchase from existing shareholders.

Delhivery provides a full suite of logistics services in more than 1,800 cities. Previously, it was in talks to raise around $150 million from CPPIB in June 2019. (Source)

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