The Competition Commission of India (CCI) has approved acquisition of Avana Logistek (Avana), Transworld Feeders (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 and Perma Shipping Line.
Feedertech provides EXIM feeder services and Perma Shipping Line 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.