ARTICLE
1 October 2019

CCI Approves Acquisition Of Mumbai International Airport Limited By GVK Airport Holdings Limited

AP
AZB & Partners

Contributor

AZB & Partners is one of India's premier law firms with 500+ lawyers and offices across the country. The firm was founded in 2004 with a clear purpose to provide reliable, practical and full–service advice to clients, across all sectors. Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, Pune and Chennai. We are recognized by most international publications for our legal expertise.
On July 26, 2019, CCI approved the acquisition of shares of Mumbai International Airport Limited (‘MIAL') by GVK Airport Holdings Limited (‘GVK') increasing GVK's stake in MIAL from 50.5% to 60.5%.
India Corporate/Commercial Law

On July 26, 2019, CCI approved the acquisition of shares of Mumbai International Airport Limited ('MIAL') by GVK Airport Holdings Limited ('GVK') increasing GVK's stake in MIAL from 50.5% to 60.5%. 1

GVK is an affiliate of the GVK group, which is a leading Indian conglomerate with diversified interests across various sectors including energy and resources, transportation, hospitality, and life sciences. MIAL is a subsidiary of GVK and operates an airport in Mumbai, India (i.e., the Chatrapati Shivaji International Airport ('CSIA') and provides airport services at CSIA, including services and activities incidental to air transportation such as operation of terminal facilities, airport activities, ground services activities at airside and cargo handling services.

CCI approved the combination since it observed that the combination merely involves an increase in existing shareholding, it will not result in any change in the competitive landscape.

Footnote

1 Combination Registration No. C-2019/06/667.

Published Date: September 21, 2019

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More