The Competition Commission of India (CCI) has approved the proposed acquisition by Cube V of the road asset businesses of DYIPL, DVIPL, DGIPL, and DTEHPL. This transaction involves the indirect purchase of these businesses by Cube Highways and Infrastructure V Pte. Ltd. (Cube V) and other entities. Cube V, a foreign portfolio investor registered with SEBI, focuses on operating highway and transportation infrastructure assets in India. The target businesses, housed under DYIPL, DVIPL, DGIPL, and DTEHPL, are involved in operating roads and highways in India through governmental concessions. A detailed order from the Commission is expected to follow. The release ID for this notification is 2238087.
Key Entities Referenced
Competition Commission of India (CCI): The regulatory body approving the acquisition.
Cube V: The entity making the proposed acquisition of road asset businesses.
DYIPL: One of the target businesses involved in the road asset sector.
DVIPL: One of the target businesses involved in the road asset sector.
DGIPL: One of the target businesses involved in the road asset sector.
Competition Commission of India
CCI approves the proposed acquisition by Cube
V of the road asset business (es) of DYIPL,
DVIPL, DGIPL and DTEHPL
Posted On: 11 MAR 2026 1:58PM by PIB Delhi
The Competition Commission of India (CCI) has approved the proposed acquisition by Cube V of the road
asset business (es) of DYIPL, DVIPL, DGIPL and DTEHPL.
The proposed combination entails the indirect purchase by Cube Highways and Infrastructure V Pte. Ltd.
(Cube V) and Others of the Dinesh Chandra Yamuna Infra Pvt. Ltd. (DYIPL) Business (from DYIPL),
Dinesh Chandra Vaishnodevi Infra Pvt. Ltd (DVIPL) Business (from DVIPL), Dinesh Chandra Giriraj
Infra Pvt. Ltd (DGIPL) Business (from DGIPL) and Dineshchandra Trans-Eastern Highways Pvt. Ltd.
(DTEHPL) Business (from DTEHPL).
Cube V is registered as a foreign portfolio investor with Securities and Exchange Board of India (SEBI)
with the aim of operating a world-class portfolio of high-quality highway and transportation infrastructure
assets in India. It acquires, operates and manages road assets in India.
The DYIPL Business, DVIPL Business, DGIPL Business and DTEHPL Business (collectively referred to
as the Target Business(es) are housed under DYIPL, DVIPL, DGIPL and DTEHPL, respectively. The
Target Businesses are engaged in the business of operating (through governmental concessions) roads and
highways in India.
Detailed order of the Commission will follow.
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NB/ONP
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