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India's antitrust regulator approved PNC Infratech's takeover of Jaiprakash Associates, a company in insolvency.
The Competition Commission of India has approved PNC Infratech's proposed acquisition of Jaiprakash Associates Limited, a company in India's corporate insolvency resolution process.
The deal involves acquiring between 95% and 100% of JAL, which operates in hydropower, cement, real estate, hospitality, and EPC contracting.
PNC Infratech, a publicly listed infrastructure firm, specializes in highways, expressways, bridges, and airport runways.
The transaction will be executed via a wholly-owned subsidiary of PNC Infratech.
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El regulador antimonopolio de la India aprobó la adquisición por parte de PNC Infratech de Jaiprakash Associates, una compañía en situación de insolvencia.