India, March 12 -- The Competition Commission of India (CCI) has approved the proposed acquisition by Cube Highways and Infrastructure V Pte. Ltd. (Cube V) of the road asset businesses of four infrastructure companies—Dinesh Chandra Yamuna Infra Pvt. Ltd. (DYIPL), Dinesh Chandra Vaishnodevi Infra Pvt. Ltd. (DVIPL), Dinesh Chandra Giriraj Infra Pvt. Ltd. (DGIPL), and Dineshchandra Trans-Eastern Highways Pvt. Ltd. (DTEHPL).
The transaction involves the indirect purchase by Cube V and other entities of the road asset businesses currently held by these four companies.
Cube V is registered as a foreign portfolio investor with the Securities and Exchange Board of India (SEBI) and focuses on developing and managing a high-quality portfolio...