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.
Tatas
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
 "Tata Sons may raise stake to over 76% in AirAsia India by 2020-21 end")
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At present, AirAsia India is functioning on funding from Tata Sons, which has invested close to Rs 650 crore through optionally convertible debentures.
Topics : Tata Sons Air Asia India airlines Indian companies
First Published: Nov 30 2020 | 6:05 AM IST
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