Date: 2025-07-08Category: Not ApplicableState: Union GovernmentCountry: India
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)
**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of a stake in SmartShift Logistics Solutions Private Limited (Target), operating under the brand name Porter, by Kedaara Sapphire Holding and Kedaara Capital Fund IV AIF (Acquirers). The Acquirers, investment vehicles belonging to the Kedaara Group, will jointly invest in the Target, which primarily provides logistics services in India. The formal order from the Commission is forthcoming. This decision was released by PIB Delhi on July 8, 2025, at 7:20 PM (Release ID: 2143209).
Key Entities Referenced
Competition Commission of India: The regulatory body that approved the acquisition.
SmartShift Logistics Solutions Private Limited: The target company being acquired.
Kedaara Sapphire Holding: One of the acquirers, an investment vehicle belonging to the Kedaara Group.
Kedaara Capital Fund IV AIF: One of the acquirers, an investment vehicle belonging to the Kedaara Group.
Kedaara Group: The group to which the acquirers belong.
Porter: The brand name under which SmartShift Logistics Solutions Private Limited operates.
India: The country where the target company provides logistics services.
Delhi: Location of the Press Information Bureau (PIB) that posted the release.
Competition Commission of India
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)
Posted On: 08 JUL 2025 7:20PM by PIB Delhi
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.
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NB/AD
(Release ID: 2143209)