Nippon Express gets CCI nod to acquire 22% stake in Future Supply

The country’s competition watchdog Competition Commission of India (CCI) on Tuesday approved Nippon Express’s proposed acquisition of 22 per cent stake in Kishore-Biyani-led Future Supply Chain for Rs 641 crore.

This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company. 

On November 28, the CCI had approved Amazon’s proposed Rs 1,500-crore deal to acquire 49 per cent stake in Future Coupons, a Future Retail promoter entity. The transaction will give Amazon a 3.5 per cent stake in Future Retail. In a statement to the exchanges, Future Supply Chain