Competition Commission of India looking into SpiceJet deal; final decision awaited

NEW DELHI: The Competition Commission is looking into SpiceJet's proposed deal with its original promoter Ajay Singh and a decision is yet to be finalised.

 Amid turbulent times, the carrier's board has approved a deal that would see change of ownership as well as infusion of fresh funds.

The proposed deal, which has been cleared by the Civil Aviation Ministry, is awaiting certain clearances, including from the Competition Commission of India (CCI).

According to a CCI official, the Commission received the notice regarding SpiceJetBSE 1.49 % deal about "10-15 days" ago and a final decision on the matter is yet to be taken.
Source: http://goo.gl/lpNNSM