Japan Post Co., Ltd. has secured an unconditional approval from the Competition Commission of India pertaining to its proposed acquisition of 19.9% equity stake in LOGISTEED Holdings, Ltd. for a deal value of approx. $932 million.
Trilegal advised Japan Post on Indian competition law aspects, including merger control advisory and filing before the CCI.
The transaction team was led by Gautam Chawla (Partner), along with Ankush Walia (Counsel), Madhav Kapoor (Senior Associate) and Associates Umang Chaturvedi and Shambhavi Sirothia.
TMI Associates acted as the international and Japanese competition counsel for Japan Post.
The transaction forms a part of a broader capital and business alliance between Japan Post and Logisteed, aimed at strengthening global logistics capabilities.
Notably, India was the only jurisdiction worldwide that required a merger filing for this transaction.
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