SpiceJet gets Competition Commission of India nod

For acquisition of 58.46% stake by Ajay Singh

SpiceJet announced that the Company has been informed by Ajay Singh ("Acquirer") that the Competition Commission of India has approved the proposed combination and acquisition of entire shareholding of Kalanithi Maran and Kal Airways (i.e. existing Promoters) aggregating to 350,428,758 equity shares (58.46%) by Ajay Singh, in terms of the Competition Act, 2002.

Powered by Capital Market - Live News