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).

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.

Combination approval enables Unifeeder's acquisition of stakes in Avana and Transworld entities, affecting feeder and NVOCC services. The Competition Commission of India cleared Unifeeder ISC FZCO's acquisition of stakes in Avana Logistek Limited, Transworld Feeders Private Limited and Transworld Feeders FZCO. Unifeeder, part of the DPW group and active in India via Feedertech and Perma Shipping Line, provides EXIM feeder and NVOCC services. Avana offers multimodal coastal and NVOCC solutions, and TFPL is proposed to take on the EXIM feeder business of Shreyas Shipping and Logistics.