In September, India inked a deal to buy 36 Rafale aircraft from Dassault for Rs59,000 crore. Photo: AFPNew Delhi: The Competition Commission of India (CCI) on Friday approved a joint venture between Anil Ambani-led Reliance Group and French aircraft manufacturer, Dassault Aviation SA. “CCI approves setting up of a joint venture between Reliance Aerostructure Limited and Dassault Aviation,” the commission said. The joint venture, Dassault Reliance Aerospace Pvt. A filing with the CCI stated that Reliance Aero will hold a 51% stake in the joint venture and the remaining 49% will be held by Dassault.

Source: Mint January 27, 2017 19:41 UTC