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    <title>CCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva</title>
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    <description>The Competition approval covers a proposed combination in which an infrastructure group entity will acquire a minority equity stake in its concessionaire and, together with a second purchaser, acquire certain convertible instruments in that concessionaire; separately, the second purchaser will acquire a minority stake in a BOT toll-road company. The acquirers operate in EPC and O&amp;M of roads across EPC, BOT and Hybrid Annuity delivery models, while the targets operate BOT-based road assets and a state highway BOT concession. A detailed order will follow.</description>
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    <pubDate>Wed, 15 Jan 2025 09:54:32 +0530</pubDate>
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      <title>CCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva</title>
      <link>https://www.taxtmi.com/news?id=30297</link>
      <description>The Competition approval covers a proposed combination in which an infrastructure group entity will acquire a minority equity stake in its concessionaire and, together with a second purchaser, acquire certain convertible instruments in that concessionaire; separately, the second purchaser will acquire a minority stake in a BOT toll-road company. The acquirers operate in EPC and O&amp;M of roads across EPC, BOT and Hybrid Annuity delivery models, while the targets operate BOT-based road assets and a state highway BOT concession. A detailed order will follow.</description>
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      <pubDate>Wed, 15 Jan 2025 09:54:32 +0530</pubDate>
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