JM Baxi Ports and Logistics Limited (Company), the promoters of the Company and Hapag-Lloyd Aktiengesellschaft (HLAG) have entered into a strategic partnership. As part of the transaction, HLAG has agreed to purchase approximately 35% from Integral Investments South Asia VIII (a Bain Capital affiliate). HLAG has also agreed to subscribe to a capital increase by the Company and raise its shareholding to 40 %.
The Company provides marine shipping and logistics services and offers logistics value chain, including port facilities such as container and multi-cargo port terminals, container freight stations and inland container depots, and niche logistics services for project and bulk cargo. The Company serves customers worldwide.
The deal was led by our Corporate Partners Nishant Parikh, Harsh Maggon and Pranav Atit. Nisha Kaur Uberoi, Partner & National Head – Competition Law, Nayantara Nag (Projects), Rudresh Singh (Competition Law) were the other key Partners involved from the Trilegal team.
They were supported by attorneys including Riyaz Bhagat (Counsel); Divye Sharma, Shambhvi Sinha and Amlan Guha (Senior Associates); Mansi Jain, Rutvij Naik, Yash Modi, Janeesha Singh, Pavitra Naidu, Varunavi Bangia, Shaurya Kashyap, Rishabh Garodia and Rishabh Prasad (Associates).
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Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
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