Highway Infrastructure Trust's acquires PNC Infratech's 12 SPVs
ROADS & HIGHWAYS

Highway Infrastructure Trust's acquires PNC Infratech's 12 SPVs

The Competition Commission of India (CCI) has approved the acquisition of a 100% equity stake, management, and control in 12 special purpose vehicles (SPVs) of PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust.

Highway Infrastructure Trust, an irrevocable trust established under the Indian Trusts Act, 1882, is registered with the Securities Exchange Board of India (SEBI) as an infrastructure investment trust. The trust's primary activities, as prescribed under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, involve owning and operating roads and highways in India through its SPVs, which have been granted government concessions. Galaxy Investments II Pte. Limited sponsors the trust, while Highway Concessions One Private Limited (HC One) serves as the investment manager.

The PNC SPVs, created specifically for infrastructure projects, have entered into concession agreements with the National Highway Authority of India (NHAI) and the Uttar Pradesh State Highways Authority. These agreements involve the holding, development, operation, and maintenance of infrastructure projects under the Hybrid Annuity Model and Build-Operate-Transfer arrangements.

A detailed order from the CCI will be issued subsequently. (PIB.gov)

The Competition Commission of India (CCI) has approved the acquisition of a 100% equity stake, management, and control in 12 special purpose vehicles (SPVs) of PNC Infratech Limited and PNC Infra Holdings by Highway Infrastructure Trust. Highway Infrastructure Trust, an irrevocable trust established under the Indian Trusts Act, 1882, is registered with the Securities Exchange Board of India (SEBI) as an infrastructure investment trust. The trust's primary activities, as prescribed under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, involve owning and operating roads and highways in India through its SPVs, which have been granted government concessions. Galaxy Investments II Pte. Limited sponsors the trust, while Highway Concessions One Private Limited (HC One) serves as the investment manager. The PNC SPVs, created specifically for infrastructure projects, have entered into concession agreements with the National Highway Authority of India (NHAI) and the Uttar Pradesh State Highways Authority. These agreements involve the holding, development, operation, and maintenance of infrastructure projects under the Hybrid Annuity Model and Build-Operate-Transfer arrangements. A detailed order from the CCI will be issued subsequently. (PIB.gov)

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?