The Competition Commission of India (CCI) has approved acquisition up to 16.94% equity share capital of IRB Infrastructure Developers (IRB / Target) by Bricklayers Investment (GIC Investor /Acquirer) under Section 31(1) of the Competition Act, 2002.
The proposed combination relates to GIC Investor's proposed acquisition of up to 16.94% of the share capital of Target on a fully diluted basis and non-fully diluted basis, through the subscription of new shares issued by way of a preferential issue on private placement.
IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4050.00 |
| Rail Vikas Nigam | 296.30 |
| NCC | 160.45 |
| KEC International | 559.60 |
| Kalpataru Projects | 1240.45 |
| View more.. | |
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