CCI approves acquisition of Avana, TFPL and Unifeeder

Last updated: 03 June 2021

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The Competition Commission of India (CCI) has given the green light for Unifeeder ISC FZCO to acquire stakes in Avana Logistek Limited, Transworld Feeders Private Limited (TFPL), and Transworld Feeders FZCO. Unifeeder, indirectly part of the DPW group, operates in India through subsidiaries Feedertech and Perma Shipping Line, offering feeder and NVOCC services. Avana provides multimodal coastal services and NVOCC solutions. TFPL, while not currently active in India, will acquire the EXIM feeder shipping business of Shreyas Shipping and Logistics Limited as part of this combination.

CCI approves acquisition of Avana Logistek Limited, Transworld Feeders Private Limited and Transworld Feeders FZCO by Unifeeder ISC FZCO

The Competition Commission of India (CCI) approves acquisition of Avana Logistek Limited, Transworld Feeders Private Limited and Transworld Feeders FZCO by Unifeeder ISC FZCO

The proposed combination envisages acquisition of stake in AvanaLogistek Limited (Avana), Transworld Feeders Private Limited(TFPL) and Transworld Feeders FZCO by Unifeeder ISC FZCO (Unifeeder).

CCI Approves Unifeeder Acquisition of Avana and Transworld

Unifeeder is indirectly held by DPW, forming part of DPW group.In India, Unifeeder is present through its subsidiaries, Feedertech Pte. Limited (Feedertech) and Perma Shipping Line Pte. Limited.Feedertechprovides EXIM feeder services and Perma Shipping Line Pte. Limited provides EXIM non-vessel owning common carrier (NVOCC) services.

Business of Avana comprises multimodal domestic coastal services and NVOCC solutions. Presently, TFPL is not engaged in any business activities in India. However, under the proposed combination TFPL would acquire EXIM feeder shipping business of Shreyas Shipping and Logistics Limited.

Detailed order of the CCI will follow.

FAQ :

The CCI has approved the acquisition of Avana Logistek Limited, Transworld Feeders Private Limited (TFPL), and Transworld Feeders FZCO by Unifeeder ISC FZCO.

Unifeeder ISC FZCO is acquiring stakes in Avana Logistek Limited, TFPL, and Transworld Feeders FZCO.

In India, Unifeeder operates through its subsidiaries Feedertech Pte. Limited, which provides EXIM feeder services, and Perma Shipping Line Pte. Limited, which offers EXIM non-vessel owning common carrier (NVOCC) services.

Avana Logistek Limited's business includes multimodal domestic coastal services and NVOCC solutions.

TFPL is not currently engaged in business activities in India, but under the proposed combination, it will acquire the EXIM feeder shipping business of Shreyas Shipping and Logistics Limited.

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