On 29th December, 2020 Air Asia Group Bhd., the Malaysian low-cost carrier entered into an agreement with Tata Sons, which already owns 51% of the venture.
Tata Sons Ltd said on Tuesday it has acquired an additional 32.67 per cent stake in Air Asia India from its Malaysian joint venture partner, AirAsia Bhd, for $37.6 million.
This takes the Tatas’ stake in the venture to 83.6 per cent.
Source: – Spreading wings in aviation, Tatas to hike stake in AirAsia India to 84%
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