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TMI BlogADP files for acquisition of equity share capital GMR Airports LTD and GISL through CCI's Green Channel facilityX X X X Extracts X X X X X X X X Extracts X X X X ..... ADP files for acquisition of equity share capital GMR Airports LTD and GISL through CCI's Green Channel facility - News and Press Release Dated:- 21-2-2020 - News - The Competition Commission of India (CCI) received the following green channel combination of acquisition by Atropos de Paris SA (the Acquirer or ADP ) of equity share capital of GMR Airports Limited ( GAL ), and GMR Infra Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices Limited ( GISL ) (Proposed Combination). The proposed combination is filed under sub-section (2) of Section 6 of the Competition Act, 2002 (Act) read with regulations 5A of the Competition Commission of India (Procedure in regard to the transactions of business relating to combinations) Regulations, 2011 (Combination Regulations). The n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otification relates to acquisition by ADP of up to (i) 100% of the equity shares of GISL directly and (ii) 49% of the equity shares of GAL directly and indirectly. The Acquirer is an international airport operator based in Paris. It carries out the following principal businesses in the airport value chain: (a) financing, (b) designing, and (c) operating infrastructur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, for a network of 25 airports in 13 countries in Europe, Asia (not including India), Africa and South America. GISL is an operating and holding company and its primary business is to hold shares in GAL. GAL is an unlisted public company, which is a subsidiary of GMR Infrastructure Limited. GAL is engaged in developing, managing and op ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erating airports in India and around the world, while also being engaged in associated business activities. Summary of the Proposed Combination is available at: https://www.cci.gov.in/sites/default/files/notice_order_summary_doc/C-2020-02-727.pdf [Filling under sub-section (2) of Section 6 of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act read with regulations 5A of the Combination Regulations (i.e. notice for approval of the Proposed Combination under Green Channel) shall be deemed to have been approved upon filing and acknowledgement thereof.] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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