TaxTMI 
TaxTMI 
TaxTMI 
CCI approves acquisition by Shrem InvIT of equity in ten road infrastructure projects from Dilip Buildcon Limited (DBL) and its associates
X X X X Extracts X X X X
X X X X Extracts X X X X
....CI approves acquisition by Shrem InvIT of equity in ten road infrastructure projects from Dilip Buildcon Limited (DBL) and its associates <br>News and Press Release<br>Dated:- 12-7-2022<br><BR>The Com....
X X X X Extracts X X X X
X X X X Extracts X X X X
....petition Commission of India (CCI) approves acquisition by Shrem InvIT of equity in ten road infrastructure projects (Target SPVs) from Dilip Buildcon Limited (DBL) and its associates under Section 31....
X X X X Extracts X X X X
X X X X Extracts X X X X
....(1) of the Competition Act, 2002, yesterday. The Proposed Combination involves an acquisition of 100% of the equity in the Target SPVs by the Acquirer. It also entails issue of certain of units of Sh....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rem InvIT to DBL and its associates as consideration for the acquisition. Shrem InvIT is a trust registered under the Indian Trusts Act, 1882 and with SEBI under InvIT Regulations 2014. It has been ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....set-up for the purpose of carrying on the activity of an infrastructure investment trust. The Target SPVs are undertaking the road projects in the state of Karnataka, Jharkhand, Andhra Pradesh, Mahar....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ashtra, Odisha, Madhya Pradesh and Chhattisgarh. They have been incorporated for the purpose of developing specific road projects. DBL is engaged in the business of construction, operation and mainte....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nance of roads and highways. DBL as an EPC contractor obtains road projects through a government's competitive bidding process. Detailed order of the CCI will follow.<BR> News - Press release - PIB....