Tata Sons may raise stake to over 76% in AirAsia India by 2020-21 end

If the Tatas successfully acquire Air India, the conglomerate is likely to integrate AirAsia with Air India's low-cost subsidiary, Air India Express

AirAsia India appoints Amar Abrol as new CEO; Chandilya to go

At present, AirAsia India is functioning on funding from Tata Sons, which has invested close to Rs 650 crore through optionally convertible debentures.

New Delhi
Tata Sons is planning to gradually raise its stake in AirAsia India to more than 76 per cent by the end of 2020-21, people aware of the development have said.


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First Published: Nov 30 2020 | 6:05 AM IST

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