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CCI approves acquisition by Shrem InvIT of equity in ten road infrastructure projects from Dilip Buildcon Limited (DBL) and its associates
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....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....
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....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....
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....(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....
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....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 ....
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....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....
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....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....
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....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....