CCI Approves Acquisition in National Highways Infra Trust by Nitro Asia Holdings

The Competition Commission of India (CCI) has approved the proposed acquisition of certain unit holdings in the National Highways Infra Trust by Nitro Asia Holdings II Pte. Ltd. This acquisition will take place through on-market transactions. Nitro Asia Holdings II Pte. Ltd., a Singapore-based special purpose vehicle, focuses on managing equity and non-equity assets. National Highways Infra Trust is an infrastructure investment trust governed by SEBI regulations, primarily making investments in Indian SPVs under applicable InvIT Regulations. A detailed order from the commission will follow.

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