Supreme Court: Rape Conviction Possible Without S.376 Charge if POCSO Case Fails on Age Proof  ||  SC: Mere Long Possession Can't Establish Adverse Possession; Hostile Intent is Required  ||  Supreme Court Finds Gaps in FSSAI’s Proposed Warning Labels for Foods High in Fat, Sugar and Salt  ||  Supreme Court Quashes ITS Officer's 'Deadwood' Retirement, Orders Rs. 15 Lakh Payment  ||  Uttarakhand HC: District Magistrate to Establish Public Helpline within 24 Hrs amid Water Pollution  ||  Allahabad HC: Custodial Violence and Molestation Are Crimes, Not Police Duty  ||  Gujarat High Court: Bombay Public Trust Registration is Covered by Section 43 of the Waqf Act  ||  J&K&L HC: Advocates not Above Law, No Immunity from Lawful Police Inquiry  ||  Gauhati HC: Talaq-e-Hasan Valid, Requires Registration under Assam Marriage Act  ||  NCLAT: NCLT President Empowered to Transfer Cases from One Bench to Another    

CCI approves acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V.- (Press Information Bureau) (27 Mar 2023)

MANU/PIBU/1305/2023

MRTP/ Competition Laws

The Competition Commission of India (CCI) approves the acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V., a wholly owned subsidiary of Hapag Lloyd Aktiengesellschaft.

The proposed combination pertains to acquisition by HL Terminal Holding B.V. (Acquiring Entity) of certain shareholding of JM Baxi Ports and Logistics Private Limited (Target) (Proposed Combination).

Acquiring Entity

The Acquiring Entity, is a newly incorporated entity, intended to serve as a strategic / investment holding company for the port terminal business of Hapag Lloyd Aktiengesellschaft (HLAG). HLAG is the parent company of the Acquirer Group. Headquartered in Germany, the Acquirer Group is an international group of companies active in the maritime sector, offering global transport services for containerized cargo (i.e., deep-sea and short-sea container shipping services for the transport of both reefer and dry cargo) under the Hapag-Lloyd AG brand.

Target

The Target is a private terminal and inland transport service provider in India. Its operations comprise providing container terminal services (CTS), operating a multipurpose terminal, inland container depots, container freight stations and additional logistics activities, such as rail transport services across India.

Tags : ACQUISITION   APPROVAL   SHAREHOLDING  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved