May 11, 2023
Shardul Amarchand Mangaldas advised HL Terminal on obtaining the Competition Commission of India’s approval for its acquisition of certain shareholding in JM Baxi by way of a Form I notification. The date of signing the deal was 25 January 2023.
The deal is one of the important deals in the ports and logistics sector in India and amongst the first deals where a foreign container shipping liner is acquiring a container terminal business in India.
The transaction team was led by Deepto Roy, Partner; Pranav Nanda, Principal Associate; Rohit Rajagopal, Principal Associate; Shivang Sinha, Senior Associate; Rupal Panganti, Associate; and Annapoorani Ramu, Associate.
The competition team was led by Gauri Chhabra, Partner; Gargi Yadav, Consultant; Ujwala Kishore Adikey, Associate; Rishabh Joshi, Associate; and Vishal Rajvansh , Associate.
The employment team was led by Pooja Ramchandani, Partner; Suruchi Kumar, Principal Associate; and Bulbul Tiwari, Associate.
AZB & Partner advised Bain Capital in Corporate law.
Trilegal advised JM Baxi on their transaction and Indian Competition law aspects.
Allen & Overy advised HLAG on International transaction aspects.
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