Fair trade regulator clears KNR Construction-Indus Infra Trust, Indriya-AB Housing Finance deals

Fair trade regulator Competiton Commission of India (CCI) on Tuesday cleared a few corporate deals, including the proposed acquisition of 14.29 per cent equity in Aditya Birla Housing Finance by Indriya and the buyout of KNR special purpose vehicles (SPVs) from KNR Constructions by Indus Infra Trust.

Here's a summary of these approvals:

• The acquisition of certain equity shares by Coastal Cedar Investments BV in Fleur Hotels and the internal restructuring of the Lemon Tree Hotels group through amalgamation and demerger
• The acquisition of equity shares amounting to 14.286 per cent of the Aditya Birla Housing Finance by Indriya
• The acquisition of 100 per cent equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions
• The acquisition of an additional 0.4 per cent in Hitachi Construction Machinery and the sole control of its 50:50 joint venture, HCJI Holdings KK, by Citrus Investment
• The acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power by Torrent Power

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(This is a breaking news story. More details will be added shortly.)