India, April 7 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the acquisition of 100% equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd.
The proposed combination involves the acquisition of 100% equity shareholding of KNR SPVs (KNR Palani Infra Private Limited (KPIPL), KNR Ramanattukara Infra Private Limited (KRIPL), KNR Guruvayur Infra Private Limited (KGIPL) and KNR Ramagiri Infra Private Limited (KRAIPL)) by Indus Infra Trust (Acquirer Trust/Indus) acting through its investment manager, i.e., GR Highways Investment Manager Private Limited (GRHIMPL/Investment Manager) from KNR Constructions Limited (KNR/ Seller).
The Acquirer Trust is an irrevo...