CCI approves acquisition of additional unit holding in Highways Infrastructure Trust by 2452991 Ontario Limited and acquisition of equity stake in Highway Concessions One Private Limited by 2743298 Ontario Limited

CCI approves acquisition of additional unit holding in Highways Infrastructure Trust by 2452991 Ontario Limited and acquisition of equity stake in Highway Concessions One Private Limited by 2743298 Ontario Limited https://www.taxtmi.com/news?id=26843 Approval concerns acquisitions by OTPP-controlled entities: additional unit holdings in Highways Infrastructure Trust and an equity stake in Highway Concessions One Private Limited. The Target Trust is a SEBI-registered InvIT owning road assets and HC One is its investment manager performing investment-decision and oversight functions under the InvIT Regulations. The transactions are separate combinations involving unit acquisition in the Trust and equity acquisition in the investment manager, and CCI approval has been granted with a detailed order to follow. en-us Wed, 20 Sep 2023 18:41:52 +0530 Wed, 20 Sep 2023 18:41:52 +0530 TaxTMI RSS Generator CCI approves acquisition of additional unit holding in Highways Infrastructure Trust by 2452991 Ontario Limited and acquisition of equity stake in Highway Concessions One Private Limited by 2743298 Ontario Limited https://www.taxtmi.com/news?id=26843 Approval concerns acquisitions by OTPP-controlled entities: additional unit holdings in Highways Infrastructure Trust and an equity stake in Highway Concessions One Private Limited. The Target Trust is a SEBI-registered InvIT owning road assets and HC One is its investment manager performing investment-decision and oversight functions under the InvIT Regulations. The transactions are separate combinations involving unit acquisition in the Trust and equity acquisition in the investment manager, and CCI approval has been granted with a detailed order to follow. News - Wed, 20 Sep 2023 18:41:52 +0530 https://www.taxtmi.com/news?id=26843