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<h1>CCI Approves HL Terminal Holding B.V.'s Acquisition of JM Baxi Ports for Strategic Expansion in Indian Logistics Sector.</h1> The Competition Commission of India has approved the acquisition of shares in JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V., a subsidiary of Hapag Lloyd Aktiengesellschaft. HL Terminal Holding B.V., a newly formed strategic investment entity, will manage Hapag Lloyd's port terminal business. Hapag Lloyd, based in Germany, specializes in global maritime transport services. JM Baxi Ports and Logistics, the target company, operates in India, providing container terminal services, multipurpose terminal operations, inland container depots, and logistics services, including rail transport. A detailed order from the CCI is forthcoming.