The Competition Commission of India (CCI) has approved the proposed acquisition by Cube Highways and Infrastructure V Pte. Ltd. (Cube V) of the road asset businesses of four infrastructure companies—Dinesh Chandra Yamuna Infra Pvt. Ltd. (DYIPL), Dinesh Chandra Vaishnodevi Infra Pvt. Ltd. (DVIPL), Dinesh Chandra Giriraj Infra Pvt. Ltd. (DGIPL), and Dineshchandra Trans-Eastern Highways Pvt. Ltd. (DTEHPL).

The transaction involves the indirect purchase by Cube V and other entities of the road asset businesses currently held by these four companies.

Cube V is registered as a foreign portfolio investor with the Securities and Exchange Board of India (SEBI) and focuses on developing and managing a high-quality portfolio of highway and transportation infrastructure assets in India. The company is engaged in acquiring, operating, and managing road infrastructure projects across the country.

The businesses being acquired—collectively referred to as the target businesses—are currently housed under DYIPL, DVIPL, DGIPL, and DTEHPL. These entities are primarily involved in operating roads and highways in India under government concession agreements.