CCI Approves Bagmane Prime Office REIT’s Stake Acquisition
NEW DELHI: The Competition Commission of India (CCI) has given the green light for a deal that will see Bagmane Prime Office REIT acquire stakes in Bagmane Developers and its related entities. The transaction includes a direct acquisition of Bagmane Developers (BDPL) and its wholly owned subsidiary, Bagmane Green Power LLP (BGPL), by Bagmane Prime Office REIT. Additionally, the REIT will indirectly gain control of Bagmane Rio (BRPL) and the asset known as ‘Luxor @ Bagmane Capital Tech Park’ from Bagmane Constructions through BDPL. As part of the deal, the sponsor group of the REIT, along with certain third-party shareholders…