The Competition Commission of India (CCI) has approved the proposed acquisition of certain units in National Highways Infra Trust (NHIT) by Nitro Asia Holdings II Pte. Ltd. The transaction involves the acquisition of a specified unitholding in NHIT by Nitro Asia through on-market purchases conducted on a registered stock exchange.

Nitro Asia Holdings II Pte. Ltd. is a special purpose vehicle incorporated in Singapore. Its principal activities include holding ownership interests in equity and non-equity assets, such as shares, debentures, bonds and other securities, as well as real property and tangible and intangible assets.

National Highways Infra Trust is an infrastructure investment trust registered with the Securities and Exchange Board of India (SEBI) under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, as amended. The trust’s investment objective is to undertake activities and make investments in line with its mandate as an infrastructure investment trust, subject to applicable laws and regulatory provisions. This includes investments in special purpose vehicles in India, as permitted under the InvIT Regulations.

The CCI stated that a detailed order on the approval will be issued separately.