Lawstreet Journal

Competition Commission of India Approves Air India Acquisition Of AirAsia India [Read Press Note]

Lawstreet Journal 15 Jun 2022 5:14pm

Image courtesy: Lawstreet Journal Business Competition Commission of India Approves Air India Acquisition Of AirAsia India [Read Press Note]

The Competition Commission of India(CCI) has approved acquisition of the entire shareholding of AirAsia India which was proposed by Air India.Air Asia India is a joint venture between Tata and Air Asia Investment Limited, with the Tata presently holding 83.67%.

According to a press release issued by the Competition Commission of India(CCI), “the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India) by Air India Ltd. (AIL), an indirect wholly-owned subsidiary of TSPL (Tata Sons Pvt Ltd).”

Approval of the Competition Commission of India is necessary for the acquisitions beyond a certain threshold. The pre-requisite is considered necessary to foster competition while keeping a check on anti-competitive practices in the marketplace.

The proposed combination envisages the acquisition of the entire equity share capital of Air Asia (India) Private Limited by Air India Ltd., an indirect wholly owned subsidiary of TSPL. At present TSPL holds 83.67% of the equity share capital of Air Asia India.”, the Press Release states. 

A detailed order by the Competition Commission of India is awaited.

 

[Read Press Note]

Continue Reading...

Tagged: Competition Commission of India   AirAsia   Air India   Tata and Air Asia Investment Limited  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Maria Gonzales   20 Jun 2022 7:06pm
Hey everyone, Get Your Ex Lover Back Quickly & Permanently. My name is Maria. My husband left me for a younger woman and I was devastated. It was as if read more
Reply
×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com