<h1>CCI Approves Bricklayers Investment's Acquisition of 16.94% Stake in IRB Infrastructure Through Preferential Share Issue.</h1> The Competition Commission of India (CCI) has approved the acquisition of up to 16.94% equity share capital of IRB Infrastructure Developers Limited by Bricklayers Investment Pte. Ltd., a subsidiary of GIC Infra Holdings. This transaction involves the subscription of new shares through a preferential issue on a private placement basis. Bricklayers Investment, a special purpose vehicle organized in Singapore, is part of a group managed by GIC Special Investments. IRB Infrastructure, established in India in 1998, is involved in construction, road maintenance, and has interests in power generation, real estate, and airport operations. A detailed CCI order will follow.