The Competition Commission of India (CCI) has given its green light to two major investment transactions involving subsidiaries of the Ontario Teachers’ Pension Plan (OTPP).
2452991 Ontario (OTPP 1) and 2743298 Ontario (OTPP 2), both under the sole control of the Ontario Teachers’ Pension Plan Board (OTPPB), have received clearance for their respective deals.
OTPP 1 will acquire additional units in the Highways Infrastructure Trust, a registered infrastructure investment trust overseeing six road assets involved in road and highway operations in India.
On the other hand, OTPP 2 is set to acquire an equity stake in Highway Concessions One (HC One), an Indian company specialising in road asset management. HC One also serves as the investment manager for the Highways Infrastructure Trust.
These transactions represent strategic moves by OTPP to expand its investment portfolio in India’s infrastructure sector.