CCI Clears Cube V's Proposed Acquisition Of Dineshchandra Group Road Asset Businesses

The Competition Commission of India on Tuesday approved the proposed acquisition by Cube Highways and Infrastructure V Pte Ltd (Cube V) and others of the road asset businesses of Dineshchandra Yamuna Infra Pvt Ltd (DYIPL), Dineshchandra Vaishnodevi Infra Pvt Ltd (DVIPL), Dineshchandra Giriraj Infra Pvt Ltd (DGIPL) and Dineshchandra Trans-Eastern Highways Pvt Ltd (DTEHPL).

According to a press release, the proposed combination entails the indirect purchase by Cube V and others of the road asset businesses housed under the four Dineshchandra group of companies.

Cube V is registered as a foreign portfolio investor with the Securities and Exchange Board of India and focuses on acquiring, operating and managing road assets in India.

Dineshchandra Group of Companies are engaged in the operation of roads and highways in India through government concessions.

The Commission said that a detailed order will follow.