<h1>CCI approves InvIT acquiring highway project companies with unit consideration under Indian Trusts Act</h1> The Competition Commission of India approved a proposed combination involving an infrastructure investment trust, an alternative investment fund advisor group, and a construction and infrastructure company along with its subsidiary. The transaction entails the acquisition by the trust of 100% shareholding in multiple highway project companies and 49% in another entity from the respective shareholders, who will receive units in the trust as consideration upon its listing. The trust was established under the Indian Trusts Act and registered with SEBI as an InvIT. The alternative investment fund advisor group acts as sponsor and investment manager, while the construction company operates in various infrastructure sectors, including roads, water projects, and urban development, with operations across numerous Indian states. The target entities manage road assets in multiple states. A detailed order from the Commission is pending.