Competition Commission Approves Acquisition of AirAsia India by Air India

New Delhi: In a serious improvement, the Competitors Fee of India (CCI) on Tuesday mentioned it has permitted acquisition of whole shareholding in AirAsia India by Air India, a wholly-owned subsidiary of Tata Sons.Additionally Learn – BREAKING: Air India Will get CCI’s Approval To Purchase AirAsia India, Tata Group To Home All

“The proposed mixture pertains to the acquisition of the whole fairness share capital of AirAsia India Non-public Restricted by Air India Ltd- an oblique wholly-owned subsidiary of Tata Sons Non-public Restricted (TSPL). At current, TSPL holds 83.67 per cent of the fairness share capital of Air Asia India,” the CCI mentioned in an announcement. Additionally Learn – Denied Boarding By Airways? DGCA Fixes Compensation To Be Paid To Air Passengers | Particulars Right here

The CCI additionally added that the 2 mixed entities may have a 15.7 per cent share of India’s home passenger market. Additionally Learn – Air India Fined Rs 10 Lakh By DGCA For Denying Boarding To Passengers Regardless of Holding Legitimate Tickets