India, July 29 -- The Competition Commission of India (CCI) has approved a proposed combination involving Anantam Highways Trust (InvIT), Alpha Alternatives Fund Advisors LLP and its group entities (collectively, the Sponsor and Sponsor Group), along with Dilip Buildcon Ltd (DBL) and its wholly owned subsidiary DBL Infraventures Ltd (DIPL).
Under the proposed transaction, Anantam Highways Trust, acting through its Investment Manager (IM), will acquire 100% shareholding in eight Special Purpose Vehicles (SPVs): Dodaballapur Hoskote Highways Limited, Repallewada Highways Limited, Dhrol Bhadra Highways Limited, Narenpur Purnea Highways Limited, Villuppuram Highways Limited, Bangalore Malur Highways Limited, Malur Bangarpet Highways Limited, a...