Joint Venture 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 ..

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Murugappa Group to form new Joint venture with Japan-based Organo

The water treatment engineering company Polutech Limited of Murugappa Group signed an agreement with Organo Corp of Japan to set an industrial water treatment requirement company in a Joint venture. According to the agreement signed the Murugappa Group will hold 51 per cent in JV and the remaining portion will be with the Organo Group. The ..

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