{"id":30964,"date":"2022-03-23T21:17:02","date_gmt":"2022-03-23T15:47:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-cci-busybees-logistics\/"},"modified":"2022-03-23T21:17:02","modified_gmt":"2022-03-23T15:47:02","slug":"biz-cci-busybees-logistics","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-cci-busybees-logistics\/","title":{"rendered":"CCI clears Blackstone, TPG buying stakes in Busybees Logistics"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1913096797\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3137012584\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Busybees is engaged in the business of providing logistics and delivery solution services in the country under the brand name &#8216;Xpressbees&#8217;.<\/p>\n<p> In separate releases on Wednesday, CCI said it has cleared the stake purchases by  Blackstone and TPG Capital in the company.<\/p>\n<p> BXG Xenon HoldCo Ltd, controlled by funds advised and\/ or managed by affiliates of Blackstone Inc, will acquire a stake in Busybees.<\/p><div class=\"trade-content_5\" id=\"trade-1672906921\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The acquirer is a newly incorporated entity and at present does not have any business operations.<\/p>\n<p> Blackstone is a global alternative asset manager.<\/p>\n<p> Besides, the regulator has given its nod to TPG Growth V SF Markets Pte Ltd (TPG SF) to acquire around 7 per cent shareholding in Busybees.<\/p>\n<p> TPG SF is majority owned and controlled by certain affiliates of TPG, Inc. TPG Group is an investment firm.<\/p>\n<p> Deals beyond a certain threshold require the approval of CCI, which keeps a tab on unfair business practices in the market place. PTI HG  RAM<\/p>\n<div class=\"trade-after-content\" id=\"trade-4036094239\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution services in the country under the brand name &#8216;Xpressbees&#8217;. In separate releases on Wednesday, CCI said it has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-30964","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CCI clears Blackstone, TPG buying stakes in Busybees Logistics - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-cci-busybees-logistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCI clears Blackstone, TPG buying stakes in Busybees Logistics\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. 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