The Indian Competition Authority approves interconnected transaction between a national and international logistics services company whereby they will share amongst themselves national and international shipments respectively (FedEx India / Delhivery)

FedEx Express Transportation and Supply Chain Services (India) Private Limited (“FedEx India”) is a subsidiary of Federal Express Europe Inc., which is ultimately held by FedEx Corporation, USA (“FedEx”), one of the largest express transportation companies in the world. Delhivery Limited (“Delhivery”) is an Indian delivery and e-commerce logistics company. It provides services like express services, freight services, fulfilment and end-to-end third-party logistics services, including warehousing services. Both FedEx India and Delhivery are hereinafter collectively referred to as “Parties”. The proposed combination relates to the: Acquisition of 2.9% of equity shares of Delhivery by