The Competition Commission of India (CCI) has approved the proposed acquisition involving Maple Infrastructure Trust (MIT), CDPQ Infrastructures Asia III Inc. (CDPQ Asia), Maple Highways Pte. Ltd., 360 ONE Private Equity Fund, and certain road assets of the Ashoka Buildcon group.

Under the transaction, MIT will acquire Ashoka Dhankuni Kharagpur Tollway, Ashoka Sambalpur Baragarh Tollway, Ashoka Belgaum Dharwad Tollway, Ashoka Highways (Bhandara), and Ashoka Highways (Durg) through its investment manager, Maple Infra Invit Investment Manager. CDPQ Asia, a subsidiary of Caisse de d‚p“t et de placement du Qu‚bec (CDPQ), and 360 ONE Private Equity Fund are also key participants in the acquisition.

The acquired entities provide infrastructure concession services under agreements with the National Highway Authority of India (NHAI).