The Competition Commission of India (CCI) has approved the purchase of a 100% equity stake, along with management and control, in 12 special purpose vehicles (SPVs) from PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust.
Highway Infrastructure Trust is an irrevocable trust created under the Indian Trusts Act of 1882 and is registered with the Securities Exchange Board of India (SEBI) as an infrastructure investment trust. Its main activities, according to SEBI regulations, involve owning and managing roads and highways in India through its SPVs, which have government concessions. Galaxy Investments II Pte. Limited sponsors the trust, and Highway Concessions One Private Limited (HC One) acts as the investment manager.
Tags: CompetitionCommissionOfIndia #CCI #Acquisition #EquityStake #ManagementControl #SpecialPurposeVehicles #PNCInfratech #PNCInfraHoldings #HighwayInfrastructureTrust #InfrastructureInvestmentTrust #SEBI #Roads #Highways #GovernmentConcessions #GalaxyInvestments #HighwayConcessions
