03 February 2023 | New Delhi: Shardul Amarchand Mangaldas & Co. advised Hapag-Lloyd group, which is a German leading global liner shipping operator and container carrier, in its acquisition of 35% in JM Baxi Ports and Logistics Limited from the exiting shareholder, a Bain Capital Private Equity affiliate and subscription to a capital increase of 5% of JM Baxi, thereby raising Hapag’s shareholding to 40% in JM Baxi.
J M Baxi Ports & Logistics Limited is a leading private terminal and inland transport service provider in India. The operations comprise container terminals, a multi-purpose terminal, inland container depots, container freight stations and additional logistics activities, such as rail service offerings across India.
The closing of the transactions is subject to approval by the relevant authorities and to additional conditions customary for a transaction of this kind.
The Projects and Project Finance team of SAM & Co. team was led by Deepto Roy, Partner; Rohit Rajagopal, Principal Associate; Pranav Nanda, Principal Associate; Shivang Sinha, Senior Associate; Rupal Panganti, Associate and Annapoorani Ramu, Associate.
The Competition team was led by Gauri Chabbra, 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.
About Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co, founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure.
The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 775 lawyers including 159 Partners, offering legal services through its offices at New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.
Hitesh Kalwani
M: +91 9819158090
Email: hitesh.kalwani@amsshardul.com
Anuradha Singh
M: +91 7428936662
Email: anuradha.singh@amsshardul.com
Prerna Gagerna
M: +91 9971217153
Email: prerna@avianwe.com