IndusLaw, S&T Law act on CJ Logistics increasing its stake in CJ Darcl Logistics

CJ Logistics Corporation has acquired additional stake in CJ Darcl Logistics Limited through subscription of convertible instruments and secondary acquisition from various shareholders in order to acquire a controlling stake.

IndusLaw advised CJ Logistics on this transaction.

The transaction team consisted of Saurav Kumar (Partner), Swathi Sreenath (Partner), Neha Balodhi (Principal Associate), Suyash Bajpai (Associate) and Ekjot Dang (Associate). They were supported by:

Disputes: Mayank Mishra (Partner) and Parag Rai (Senior Associate)

Tax: Lokesh Shah (Partner), Gaurav Goyal (Principal Associate) and Aarya Jha (Associate)

S&T Law advised CJ Darcl Logistics on this transaction.

This move follows CJ Logistics' initial acquisition of a 50% stake in Darcl Logistics in 2017, which led to the rebranding of the company as CJ Darcl Logistics Limited.

The recent stake increase involves CJ Logistics subscribing to convertible instruments, allowing for a higher equity share in CJ Darcl. Legal advisories for this transaction were provided by IndusLaw and S&T Law. Additionally, PwC India acted as the exclusive financial advisor to the Aggarwal family, the founding promoters of CJ Darcl, in facilitating this deal

CJ Logistics Corporation is a couriers and express delivery services company headquartered in Seoul, South Korea. The company plays a crucial role in the logistics sector, leveraging its extensive experience and resources to deliver efficient services.

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