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Tata Sons increases stake in Air Asia India

Tata Sons increases stake in Air Asia India

Mar 29, 2016, at 01:32 am

Mumbai, Mar 28 (IBNS) : Tata Sons on Monday said it has entered into an agreement with Air Asia India (the company), Telestra Tradeplace (Telestra) and two of the directors of the company, being S Ramadorai (chairman) and R Venkataramanan, under which Tata Sons proposes to increase its stake in the company to 49 percent from its existing stake of 41.06 percent, by acquiring 7.94 percent equity stake from Telestra.

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Tata Sons increases stake in Air Asia India Mon, Mar 28 2016