Air Asia Current Affairs, GK & News

Tata Sons raise stake in AirAsia India from 30% to 41%

Tata Sons has decided to increase its stake in low-cost carrier AirAsia India from 30 per cent to 41 per cent by infusing fresh capital. AirAsia India is a joint venture between Malaysian low-cost airline AirAsia Berhad, Tata Sons and Arun Bhatia’s Telestra Tradeplace. As per the original agreement these three partners holds 49%, 30%, 21% stakes ..