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.
News On AIR | November 13, 2013 8:27 AM
CCI approves Jet-Etihad deal