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Competition Commission of India has approved Dilip Shanghvi’s deal with Suzlon

The Competition Commission of India has cleared Dilip Shanghvi’s proposed Rs 1,800 crore stake buy in Suzlon Energy, the wind turbine maker.

The deals was announced in February this year, on Friday the Competition Commission of India (CCI) said that it has approved “acquisition of shares in Suzlon by Aalok D Shanghvi & Others”.

Suzlon has entered into definitive agreement with Dilip Shanghvi Family and Associates (DSA) for equity investments of Rs 1,800 crore in the company. DSA would have 23 per cent stake in Suzlon post allotment.

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