Previously, ABL held a 66% stake in ACL, and with this approval, the company will now own 100% of ACL, making it a wholly-owned subsidiary.
The transaction involves ABL purchasing the remaining stake from investors Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust for ₹1,526 crore.
The transaction involves ABL purchasing the remaining stake from investors Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust for ₹1,526 crore.
Additionally, Viva Highways, a subsidiary of ABL, will acquire a 26% stake in Jaora Nayagaon Toll Road Company from the same investors for ₹150 crore.
These acquisitions required CCI’s clearance as they crossed regulatory thresholds. The CCI, which ensures fair competition in the market, has granted its approval, enabling ABL to move forward with these strategic transactions.
These acquisitions required CCI’s clearance as they crossed regulatory thresholds. The CCI, which ensures fair competition in the market, has granted its approval, enabling ABL to move forward with these strategic transactions.
This move is expected to strengthen ABL's presence and operations in the infrastructure sector.
Comments
Post a Comment