Competition Commission of India approves Reliance Infrastructure and Dassault Aviation's joint venture
This deal is considered as key in execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement worth €7.87 billion, or about Rs.59,000 crore, signed between France and India on September 23, 2016.
The JV will be named as 'Dassault Reliance Aerospace', where Reliance Aerostructure will hold 51% of shareholding and Dassault Aviation with 49%. Photo: Reuters