CCI Approves Acquisition of Road SPVs by Epic Concesiones
ECONOMY & POLICY

CCI Approves Acquisition of Road SPVs by Epic Concesiones

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.

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.

Next Story
Infrastructure Transport

Chennai Metro TBM Completes Key Tunnel Link Below Rail Tracks

Chennai Metro Rail Limited has achieved a milestone in its Phase II expansion, with tunnel boring machine Kalvarayan completing an underground stretch beneath one of the city’s busiest railway zones.The machine completed its eight hundred sixty-seven metre journey between Ayanavaram and Perambur stations, surfacing at the Perambur south shaft. This marks the seventh breakthrough under contract by Tata Projects Limited and the eleventh overall in the Phase II project, which aims to deliver over one hundred eighteen kilometres of new metro lines.Kalvarayan is part of the initial nine kilometre..

Next Story
Infrastructure Transport

Railways Introduces Free Sleeper to Third AC Auto Upgrade Policy

Indian Railways has introduced an auto-upgrade policy allowing confirmed Sleeper Class passengers to be moved to Third AC at no additional cost. The move aims to improve travel comfort and optimise seat occupancy, especially during off-peak periods when higher-class seats remain vacant.The system works during preparation of the first reservation chart, about four hours before departure. Passengers must opt-in during booking by selecting “Consider for Auto Upgrade”; otherwise, the system defaults to “Yes”.Upgrades are limited to two class levels. For example, a Sleeper ticket holder may..

Next Story
Infrastructure Transport

Namo Bharat Train to Link Gaya and Ayodhya in Six Hours

Indian Railways will launch the Namo Bharat Rapid Rail between Gaya and Ayodhya to improve regional connectivity and reduce travel time from over nine hours to around six. Covering four hundred eight kilometres, the service aligns with the government’s goal to offer eco-friendly transport solutions.The train is set to operate six days a week, excluding Sundays, with departures from Gaya at 05:00 hours and arrivals in Ayodhya Dham by 11:00 hours. Return trips will leave Ayodhya Dham at 17:00 hours and reach Gaya at 23:00 hours.The route includes key stops such as Rafiganj, Sasaram, DD Upadhya..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?