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Sep 21, 2019

CCI Approves Acquisition of Mumbai International Airport Limited by GVK Airport Holdings Limited

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.

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

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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