CCI approves proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers and others

India, March 5 -- The Government of India has issued a release:

The Competition Commission of India (CCI) has approved the proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers Private Limited and others (directly/ indirectly).

The Proposed Combination envisages: (i) direct acquisition of Bagmane Developers Private Limited (BDPL) [including its wholly owned subsidiary, Bagmane Green Power LLP (BGPL)] by Bagmane Prime Office REIT (Acquirer REIT); (ii) indirect acquisition by the Acquirer REIT of Bagmane Rio Private Limited (BRPL); (iii) indirect acquisition by the Acquirer REIT (through BDPL) of Luxor @ Bagmane Capital Tech Park from Bagmane Constructions Private Limited; ...