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TMI BlogCCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by VivaX X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva - News and Press Release Dated:- 15-1-2025 - News - CCI approves the proposed acquisition of 34% equity shareholding of Ashoka Concessi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva - - - Dated:- 15-1-2025 - The Competition Commission of India has approved the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva The proposed combination envisages the acquisition of 34% equity shareholding of ACL by ABL and certain convertible instruments of ACL by ABL and Viva, and 26% shareholding of JN by Viva. ABL (including its affiliates) is primarily engaged in engineering, procurement and construction ( EPC ) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in various sectors and operation and maintenance ( O M ) of roads and highways. ABL operates its road assets through various models i.e. , EPC, Build Operate and Transfer ( BOT ) and Hybrid Annuity Model ( HAM ) models. ACL, the infrastructure arm of the Ashoka Group, is active in operation and maintenance of roads and highways in India through its various subsidiaries, which operate road assets. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... It was floated by ABL for bringing the various BOT based road and highway projects under one umbrella. JN, a BOT concessionaire, has been granted concession by the Madhya Pradesh Road Development Corporation for reconstruction, strengthening, widening, and rehabilitation of 125 Km to 250 Km of State Highway (SH)-31 in the state of Madhya Pradesh. Detailed order of the Commission will follow. - - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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