CCI approves Adani's bid to buy 23.5% stake in Mumbai International Airport

As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements

Fair trade regulator CCI on Thursday approved Adani Properties' proposal to acquire a 23.5 per cent stake in the country's second-busiest aerodrome, Mumbai International Airport.

Adani Properties has proposed to acquire the shares from Mauritius-based Bid Services Division and ACSA Global Ltd.

According to the combination notice filed with CCI, the transaction will involve the acquisition of shares through two separate share-purchase agreements.