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of <h1>Highway Infrastructure Trust Acquires 100% Stake in PNC Vehicles for Road Operations in India.</h1> The Competition Commission of India has approved the acquisition of a 100% equity stake, management, and control of twelve special purpose vehicles from PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust. This trust, an irrevocable entity under the Indian Trusts Act, 1882, is registered with the Securities Exchange Board of India as an infrastructure investment trust. It operates roads and highways in India through government concessions. Galaxy Investments II Pte. Limited sponsors the trust, while Highway Concessions One Private Limited manages its investments. The PNC vehicles have concession agreements with national and state highway authorities.
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