CCI Clears Knowledge Realty REIT's Acquisition of Blackstone, Sattva Units
The Competition Commission of India has approved the acquisition by Knowledge Realty Trust of various entities linked to the Blackstone Group and/or Sattva Group.The proposed transaction involves the direct and indirect acquisition by Knowledge Realty Trust—acting through its manager, Knowledge Realty Office Management Services Private Limited (formerly Trinity Office Management Services Private Limited)—of a number of target entities. These include companies solely owned by Blackstone, others by Sattva, and some jointly held by both groups. In exchange for this acquisition, the existing s..
CCI Approves Indorama’s 24.9 per cent Stake Buy in EPL Limited
The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited’s share capital.EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.A detailed order from the Commission is expected to be issued shortly. ..
IWAI Opens Srinagar Office to Boost River Transport
In a significant development for the Inland Water Transport (IWT) sector in the Union Territory of Jammu and Kashmir, the Inland Waterways Authority of India (IWAI), under the Ministry of Ports, Shipping and Waterways, has established a new office at Srinagar’s Transport Bhawan. The premises have been provided by the Jammu and Kashmir government, and the office will be operational from today. It will serve as the hub for all IWT-related projects in the region.IWAI has entered into a Memorandum of Understanding (MoU) with the Union Territory’s government to develop inland navigation infrast..
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