India, March 5 -- The Competition Commission of India (CCI) has approved a proposed combination involving the acquisition of certain stakes by Bagmane Prime Office REIT in entities of Bagmane Developers Private Limited and related companies.
The transaction includes the direct acquisition of Bagmane Developers Private Limited and its wholly owned subsidiary Bagmane Green Power LLP, along with the indirect acquisition of Bagmane Rio Private Limited and the property Luxor @ Bagmane Capital Tech Park.
As part of the deal, the sponsor group of the REIT and certain third-party shareholders will receive units of Bagmane Prime Office REIT in exchange for transferring their shareholding in the target entities.
The target entities are engaged in ...