Competition Commission clears JM Baxi Ports-HAL deal

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Key Points

The Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germanys HLAG...

The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft...

In a release on Monday, Competition Commission of India (CCI) said it has given the approval for the acquisition of shareholding of JM Baxi Ports HL Terminal Holding B.V...

Separately, CCI has given its nod for the acquisition of share capital of NSPIRA Management Services Pvt Ltd by three individuals Puneet Kothapa, Ponguru Sindhura and Ponguru Sharani...

The proposed combination pertains to acquisition of share capital from NHPEA Minerva Holding BV and Banyantree Growth Capital II, LLC...

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