The Director General (investigations and registrations) will issue a notice to Jet Airways shortly, demanding details and clarifications on its Rs 2,300 crore (Rs 23 billion) takeover of Air Sahara.
The notice to the private air carrier, which commands a dominating market share of close to 50 per cent following the buyout, will be issued shortly, highly-placed sources told PTI In New Delhi.
"Jet Airways will be asked to furnish details of the buyout and submit various relevant documents," the sources said.
A preliminary investigation report on the deal by DGIR is likely to be submitted to the Monopolies and Restrictive Trade Practices Commission in the next three weeks, they added.
MRTPC chairman Bhupinder Singh Rathi had on Thursday confirmed that the Commission had forwarded the matter to DGIR following apprehensions that the buyout could lead to monopoly of Jet in the Indian aviation sector.
Nearly a month after the mega deal was clinched in January this year, Bharatiya Janata Party MP Uday Singh had written a letter to Prime Minister Manomohan Singh urging that MRTPC to look into it in the interest of probity and transparency.
He had also expressed the apprehension that the buyout could "create a worrisome monopoly entity in the sensitive aviation sector in domestic and foreign route."
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