Tata Sons Acquires More 32.7% Stake in Air Asia

Tata Sons Acquires More 32.7% Stake in Air Asia

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%


Knowledge Source:

RBI Recommends Caution Against Unauthorised Digital Lending Platforms

Leave a Reply

Your email address will not be published. Required fields are marked *