New Delhi: Reliance Infrastructure today said its defence unit Reliance Aerostructure Ltd’s proposed joint venture with Dassault Aviation has received clearance from the Competition Commission of India (CCI).
“Reliance Infrastructure Ltd—promoted Reliance Aerostructure Ltd’s proposed JV with Dassault Aviation has received the CCI clearance,” Reliance Infrastructure (RInfra) said in a statement.
The JV company is proposed to be named as ‘Dassault Reliance Aerospace Ltd’ (DRAL).
Reliance Aerostructure Ltd (RAL) will have 51 per cent shareholding in the JV while Dassault Aviation (DA) will hold 49 per cent.
In October last year, Reliance Group had entered into a strategic partnership with Dassault Aviation of France (Rafale) to execute the largest Defence Offset contract worth up to Rs. 30,000 crore.
06/02/17 Business Line
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“Reliance Infrastructure Ltd—promoted Reliance Aerostructure Ltd’s proposed JV with Dassault Aviation has received the CCI clearance,” Reliance Infrastructure (RInfra) said in a statement.
The JV company is proposed to be named as ‘Dassault Reliance Aerospace Ltd’ (DRAL).
Reliance Aerostructure Ltd (RAL) will have 51 per cent shareholding in the JV while Dassault Aviation (DA) will hold 49 per cent.
In October last year, Reliance Group had entered into a strategic partnership with Dassault Aviation of France (Rafale) to execute the largest Defence Offset contract worth up to Rs. 30,000 crore.
06/02/17 Business Line
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