Page 7 - Nippon
CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm
The Competition Commission on Tuesday said it has approved Nippon Express' acquisition of 22 per cent stake in Future Group's logistics arm Future Supply Chain Solutions Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of India (CCI) in a tweet said it "approves acquisition by Nippon Express (South Asia & Oceania) Pte. Ltd. of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited." As part of this transaction, Future Supply Chain Solutions Ltd (FSC) will issue 37,89,350 shares to Nippon Express at a price of Rs 664 per share (22 per cent premium to the current market price). "Through this primary issue Nippon Express will hold 8.6 per cent stake on a fully diluted basis and FSC will raise around Rs 252 crore for funding its near-term growth .
 "CCI okays Nippon Express' 22% stake buy in Future Group's logistics arm")
ICICI AMC and Nippon India MF planning silver exchange-traded funds
At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver
 "ICICI AMC and Nippon India MF planning silver exchange-traded funds")
Nippon Life gets FIPB nod to hike stake in Reliance Life
Will be investing an aggregate value of Rs 2,265 cr to acquire additional 23% stake
 "Nippon Life gets FIPB nod to hike stake in Reliance Life")