Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Corporate

Adani's Acquisition Bid for Mumbai Airport is Approved by CCI

The Competition Commission of India (CCI) has approved the Adani Airport Holdings' (AAHL) acquisition of a controlling stake in the Mumbai Airport from the GVK Airport Developers Ltd.

author-image
SMEStreet Edit Desk
25 Sep 2020 05:30 IST

Follow Us

New Update
Gautam Adani, Adani Group

The approval was given through the 'green channel' route. Green channel is an automatic approval system, whereby a combination is deemed to have been approved by the CCI upon receiving the filing of the notice for the combination by the parties concerned.

"Commission received Green Channel combination pertaining to acquisition of GVK Airport Developers Limited by Adani Airport Holdings Limited. This is the 17th Green Channel filing," the anti-trust body said in a tweet.

Last month, Adani Airport Holdings Ltd (AAHL) entered into an agreement to acquire the debt of GVK Airport Developers Ltd to acquire a controlling interest in the Mumbai airport.

In a regulatory, Adani Enterprises had said that as per the agreement, Adani Airport will acquire the debt of GVKADL from its lenders. The lenders include a Goldman Sachs-led consortium and HDFC.

The GVK Group and AAHL agreed that the latter will offer a stand-still pact to GVK, in addition, to release of the guarantee given by GVK Power and Infrastructure Ltd with respect to the debt acquired by it.

Gautam Adani HDFC CCI Mumbai airport Adani Airports GVK Airport Developers Adani
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!