CCI approves proposed combination involving acquisition of shareholding of seven SPVs by Anantam Highways Trust (InvIT) and issuance of the units of InvIT to Build India Infrastructure Fund (BIIF), Dilip Buildcon and DBL Infraventures

India, July 1 -- The Government of India has issued a release:

The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of shareholding of seven SPVs by Anantam Highways Trust (InvIT) and the issuance of the units of the InvIT to Build India Infrastructure Fund (BIIF), Dilip Buildcon Limited (DBL) and DBL Infraventures Pvt. Ltd. (DIPL).

The Proposed Combination entails (a) the acquisition of shareholding of the seven target SPVs, i.e. DAK Package I Expressway Pvt. Ltd., Bethamangala Expressway Pvt. Ltd., Katra Expressway Pvt. Ltd., Raipur-Visakhapatnam-CG-2 Highways Ltd., Bangarupalem Gudipala Highways Ltd., Poondiyankuppam Highways Ltd. and Mehgama-Hansdiha Highways Ltd. by the InvIT and (...