Shardul Amarchand Mangaldas advises Hapag-Lloyd in acquisition of a 40% stake in JM Baxi Ports and Logistics Limited

February 3, 2023

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.