Unifeeder Isc Fzco
Case brief
What is this about?
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What the court decided
A compact analysis
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SUMMARY OF THE PROPOSED COMBINATION
(In terms of Regulation 13(1A) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011)
A. Name of the parties to the combination:
- (i) Unifeeder ISC FZCO (“ Acquirer ”)
- (ii) Avana Logistek Limited (“ Avana ”); Transworld Feeders Private Limited (“ TFPL ”); and Transworld Shipping Agencies Private Limited (“ TSAPL ”, and together with Avana and TFPL, “ Targets ”)
B. Nature and purpose of the combination:
- (i) The proposed combination involves: (a) the acquisition of 100% of the issued, subscribed and paid up share capital of Avana and TFPL by the Acquirer; and (b) the indirect acquisition of 100% of the issued, subscribed and paid up share capital of TSAPL pursuant to the Acquirer’s acquisition of Transworld Feeders FZCO (“ TWF ”) (which holds 100% of the issued, subscribed and paid up share capital of TSAPL) (collectively the “ Proposed Combination ”).
- (ii) The Proposed Combination amounts to a combination within the scope of Section 5(a)(ii)(B) of the Competition Act, 2002.
Parties & counsel
- petitioner
Unifeeder ISC FZCO
- respondent
Avana Logistek Limited
- respondent
Transworld Feeders Private Limited
- respondent
Transworld Shipping Agencies Private Limited
Case details
As recorded by the court registry
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