ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

CCI approves acquisition of 55.2 pc shareholding in GMR Airports

New Delhi [India], Oct 1 (ANI): The Competition Commission of India (CCI) has approved the acquisition of a shareholding in GMR Airports by TRIL Urban Transport, Valkyrie Investment and Solis Capital (Singapore), according to an official statement released on Tuesday.

ANI Oct 01, 2019 18:09 IST googleads

GMR Airports Ltd is a major global airport operator

New Delhi [India], Oct 1 (ANI): The Competition Commission of India (CCI) has approved the acquisition of a shareholding in GMR Airports by TRIL Urban Transport, Valkyrie Investment and Solis Capital (Singapore), according to an official statement released on Tuesday.
The proposed combination relates to the acquisition of up to 55.2 per cent equity stake in GMR Airports collectively by TRIL, Valkyrie and Solis.
The CCI approved the proposed combination subject to carryout of certain modifications proposed by TRIL under Regulation 19(2) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations 2011.
TRIL is a wholly-owned subsidiary of Tata Realty and Infrastructure, which in turn is a wholly-owned subsidiary of Tata Sons. TRIL is engaged in the development of urban transport and infrastructure facilities such as ropeways and metro rail transit system.
Valkyrie is a special purpose vehicle organised as a private limited company in Singapore and an affiliate of GIC Private Limited. Solis is an investment vehicle of the SSG Group. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.