CCI approves Shrem InvIT’s acquisition of equity in 10 road infra projects by Dilip Buildcon

The Competition Commission of India (CCI) has approved the acquisition of equity by Shrem InvIT in ten road infrastructure projects from Dilip Buildcon Limited and its associates. The approval was granted under Section 31(1) of the Competition Act, 2002, yesterday.

The CCI said in a statement that the proposed combination involves an acquisition of 100 per cent of the equity in the target special purpose vehicles (SPVs). The deal also includes the issuance of certain units of Shrem InvIT to Dilip Buildcon and its associates.