CCI approves proposed combination involving AHT, Alpha Alternatives, and DBL

The Competition Commission of India (CCI) has approved the proposed combination involving Anantam Highways Trust (AHT), Alpha Alternatives Fund Advisors LLP (Alpha Alternatives), Dilip Buildon Limited (DBL), and DBL Infraventures Limited (DIPL). The deal is structured in the following manner: Anantam Highways Trust will acquire a 100 per cent stake in eight road assets, namely, Dodaballapur Hoskote Highways, Repallewada Highways, Dhrol Bhadra Highways, Narenpur Purnea Highways, Villuppuram Highways, Bangalore Malur Highways, Malur Bangarpet Highways, and DPJ Pollachi HAM Project. As a consideration, the existing shareholders of assets, Alpha Alternatives, DBL, and DIBL, will be allotted the units of the AHT upon listing on the stock exchange.