Friday, March 10, 2006

DGIR to probe Jet-Sahara deal

The Monopolies and Restrictive Trade Practices Commission, which is inquiring into the Rs 2,300 crore (Rs 23 billion) takeover of Air Sahara by Jet Airways, has forwarded the case to the director general (investigations and registrations), which will submit in turn a report in the next three weeks.
"We have referred the Jet-Sahara deal to DGIR, which will submit its report in the next three weeks," MRTPC chairman Bhupinder Kumar Rathi told PTI.
Asked whether the Commission would be issuing notice to the buyer over the matter, he said this would depend on the recommendations of the report.
09/03/06 Rediff