Kisan Credit Cards ensuring wider Credit Access: Goyal (See 'Corp Brief') IPR - Writ Court is yet to decide plea of Lenskart as to no intention to infringe in using Titan's trademark on websites: HC (See 'Legal Desk') IICA set to host North-East Conclave 2025 in Shillong (See 'Corp Brief') IPR - Registrar of Trademarks must give reasoned order for pre-acceptance advertisement: HC (See 'Legal Desk') New CoE to drive Innovation in 5G/6G, AI, Quantum Computing, and AR/VR (See 'Corp Brief') IPR - Courts can't decline protection to plaintiff on sole ground that subject matter of passing off action happens to be registered design: HC (See 'Legal Desk') Workshop on rehabilitation education program on using Sign Language to teach English to deaf students to be held (See 'Corp Brief') Animal Husbandry is cash-generating sector, contributing 31% to total agricultural GVA (See 'Corp Brief') IPR - Copyright infringement by rogue websites who were using modern technology to hide their identities while unlawfully benefiting from JioStar's copyrighted works, calls for dynamic injunction: HC (See 'Legal Desk') Ministry of Mines launches 'Aspirational DMF Programme' (See 'Corp Brief') MSTC becomes engine of E-Transparency: Minister (See 'Corp Brief') IPR - Registrar of Trade Marks need to consider factors mentioned u/s 11(6) of Trade Marks, while deciding whether mark is known or recognized in relevant section of public: HC (See 'Legal Desk') Dholpur gets First Science Centre in Aspirational Districts Push: MoS (See 'Corp Brief') Mandaviya kicks off ASMITA Weightlifting League (See 'Corp Brief') IPR - Any entity cannot seek to set aside interim injunction passed against it in trademark infringement suit, merely because its business or IPO launch is jeopardized due to such injunction: HC (See 'Legal Desk') CCI okays stake in Smart Shift Logistics jointly by Kedaara Sapphire and Kedaara Capital Fund (See 'Corp Brief') BCCL revives Legacy Coal Mine via MDO Model (See 'Corp Brief') IPR - Requirement of sufficiency u/s 64(1)(h) of Patents Act, is satisfied when disclosure made in claims is sufficient to enable whole width of claimed invention to be performed: HC (See 'Legal Desk') CCI approves acquisition of certain businesses of UBS AG by 360 ONE Entities (See 'Corp Brief') IPR - Merely because ban on certain other applications has been lifted, is no ground for TikTok to claim that similar treatment shall also be allowed to it: HC (See 'Legal Desk') Centre plans Rs 5,000-Cr Investment to develop N-E Waterways: Sonowal (See 'Corp Brief') IPR - Defendants' attempt to use suit trademarks with sole intention of riding piggyback on plaintiffs' immense reputation, calls for injunction: HC (See 'Legal Desk') Chouhan, Dhami hold meeting on agriculture and rural development (See 'Corp Brief') IPR - Use of word 'ordinary' lead average consumer to infer that other Chyawanprash are either inferior, or spurious, as compared to Chyawanprash of Patanjali, which was claimed to be prepared by following ayurvedic traditions: HC (See 'Legal Desk') Rs.14,147 Cr transmission scheme discussed to evacuate solar power from key zone (See 'Corp Brief') IPR - Registering any mark already known to belong to another, without intent to use it bona fide, constitutes 'dishonest intention' and trademark squatting: HC (See 'Legal Desk') Family pension: 1451 cases redressed in first week of Special Campaign 2.0 (See 'Corp Brief') IPR - For software or computer programme to qualify u/s 3(k) of Patents Act, it should be more than mere sequence of instructions: HC (See 'Legal Desk') Why Family Businesses in India Are Losing Their Own Bloodline (See CORP EINSICHT)

Print

CCI okays sale of 34% equity of Ashoka Concessions to Ashoka Buildcon

Published: Jan 15, 2025

By TIOLCorplaws News Service

NEW DELHI, JAN 15, 2025: THE Competition Commission of India has approved the proposed acquisition of 34% equity shareholding of Ashoka Concessions (ACL) by Ashoka Buildcon (ABL) and certain convertible instruments of ACL by ABL and Viva Highways (Viva); and 26% shareholding of Jaora Nayagaon Toll Road Company (JN) by Viva

The proposed combination envisages the acquisition of 34% equity shareholding of ACL by ABL and certain convertible instruments of ACL by ABL and Viva, and 26% shareholding of JN by Viva.

ABL (including its affiliates) is primarily engaged in engineering, procurement and construction (EPC) in various sectors and operation and maintenance (O&M) of roads and highways. ABL operates its road assets through various models i.e., EPC, Build Operate and Transfer (BOT) and Hybrid Annuity Model (HAM) models.

ACL, the infrastructure arm of the Ashoka Group, is active in operation and maintenance of roads and highways in India through its various subsidiaries, which operate road assets. It was floated by ABL for bringing the various BOT based road and highway projects under one umbrella.

JN, a BOT concessionaire, has been granted concession by the Madhya Pradesh Road Development Corporation for reconstruction, strengthening, widening, and rehabilitation of 125 Km to 250 Km of State Highway (SH)-31 in the state of Madhya Pradesh.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.