Commission approves the acquisition of a certain stake in SmartShift Logistics Solutions Private Limited (Target) jointly by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF (Acquirers)

Commission approves the acquisition of a certain stake in SmartShift Logistics Solutions Private Limited (Target) jointly by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF (Acquirers)

The proposed combination relates to an investment by the Acquirers in the Target.

The Acquirers are investment vehicles that belong to the Kedaara Group.

The Target operates under the brand name “Porter” and primarily engages in the provision of logistics services in India.

Detailed order of the Commission will follow.