https://www.taxtmi.com/news?id=27515 CCI approved a combination where IRB Infrastructure Trust will acquire interests in Meerut Budaun Expressway Limited through a sequence: (i) proposed NCD subscription of MBEL by IRB and Anahera with an alternate InvIT subscription, (ii) fresh issuance of InvIT units to existing unitholders (Trust Unit Issue), and (iii) acquisition by the InvIT of MBEL equity shares and NCDs. The InvIT is a SEBI-registered infrastructure investment trust holding concessioned toll-road assets; MBEL is the SPV for the Ganga Expressway Package I. en-us Wed, 05 Jun 2024 10:17:08 +0530 Wed, 05 Jun 2024 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27515 CCI approved a combination where IRB Infrastructure Trust will acquire interests in Meerut Budaun Expressway Limited through a sequence: (i) proposed NCD subscription of MBEL by IRB and Anahera with an alternate InvIT subscription, (ii) fresh issuance of InvIT units to existing unitholders (Trust Unit Issue), and (iii) acquisition by the InvIT of MBEL equity shares and NCDs. The InvIT is a SEBI-registered infrastructure investment trust holding concessioned toll-road assets; MBEL is the SPV for the Ganga Expressway Package I. News - Wed, 05 Jun 2024 10:17:08 +0530 https://www.taxtmi.com/news?id=27515