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 the acquisition of shareholding of the seven target SPVs: 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 the issuance of units of the InvIT to BIIF, DBL, and DIPL.
The InvIT is registered as an infrastructure investment trust with the SEBI under the InvIT Regulations, facilitating investments in infrastructure projects.
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