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India: Competition Commission clears SpiceJet deal

By  |  February 19, 2015

Fair trade watchdog Competition Commission on Thursday cleared Ajay Singh’s proposal to acquire a majority stake in cash-strapped SpiceJet.

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    With clearance from the Competition Commission of India, the low-cost carrier’s original promoter is closer to taking the management reins and ownership of SpiceJet. Sources said that CCI today approved the deal that would see Singh acquiring more than 58 per cent stake in SpiceJet.

    The deal has already been cleared by the Civil Aviation Ministry.

    Full Content: The Financial Express

     

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