Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany’s HLAG.

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

JM Baxi Ports is a private terminal and inland transport service provider in India.


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.

The acquiring entity has been set up to serve as a strategic/investment holding company for the port terminal business of HLAG.

HLAG is the parent company of the acquirer group, which is headquartered in Germany. It is active in the maritime sector.

Zerodha banner mob

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.

Currently, the acquirers collectively hold 79.48 per cent in NSPIRA Management. The latter provides management services to educational institutions, majorly run by Narayana Group.

In another release, the regulator said it has cleared the deal.

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

Deals beyond a certain threshold require the approval of CCI. PTI RAM HVA

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in

Start Your Stock Market Journey Today!

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!