CCI Approves Acquisition of Road SPVs by Epic Concesiones

26 Mar 2025 CW Team

The Competition Commission of India (CCI) has granted approval for Epic Concesiones 2 Private Limited (EC2PL) to acquire 100% equity shareholding in 11 road special purpose vehicles (SPVs) owned by Ashoka Concessions Limited (ACL) and Ashoka Buildcon Limited (ABL). This transaction marks a significant development in the infrastructure investment landscape.

The key entities involved in the deal are:

Epic Concesiones 2 Pvt Ltd – Infrastructure investment company Ashoka Concessions Ltd – Developer of road infrastructure Ashoka Buildcon Ltd – Construction and engineering firm

EC2PL is engaged in owning and operating infrastructure projects. It is backed by Infrastructure Yield Plus II (IYP II) and Infrastructure Yield Plus IIA (IYP IIA), both investment schemes under Infrastructure Yield Trust, a registered Category I – Infrastructure Alternative Investment Fund under SEBI regulations. The fund is managed by EAAA India Alternatives Ltd (EIAL), an indirect wholly-owned subsidiary of EFSL, the parent entity of EC2PL.

The 11 Target SPVs, incorporated in India, operate roads and highways through government concessions. Their acquisition by EC2PL is expected to enhance infrastructure asset management, driving efficiency and long-term sustainability in India's road sector.

With this approval, CCI reinforces its role in facilitating strategic investments in the infrastructure domain, promoting competition while ensuring robust sectoral growth.

Real Estate

07 May 2026

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..

NCLAT Quashes Insolvency Proceedings Against Embassy Developments

Embassy Developments Limited has announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the earlier National Company Law Tribunal (NCLT) order admitting insolvency proceedings against the company, thereby quashing the Corporate Insolvency Resolution Process (CIRP).The appellate tribunal’s order overturns the NCLT ruling dated December 9, 2025, under which CIRP proceedings had been initiated against the company. With the latest ruling, all directions arising from the earlier NCLT order stand terminated and the insolvency proceedings against Emba..