Paving the way for closure of long-pending Jet-Etihad deal, the Competion Commission of India, CCI has approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline.
Etihad is acquiring this stake for 2,058 crore rupees in a deal that was announced in April this year, becoming the first-ever Foreign Direct Investment in an Indian carrier by an overseas airline.
The deal has already been cleared by capital markets regulator SEBI, Foreign Investment Promotion Board and Cabinet Committee of Economic Affairs.
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Business EditorJet-Etihad deal approved by CCI
by Business Editor ( Author at Spirit India )
Posted on November 13th, 2013 at 12:59 pm.
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