Low-fare airline AirAsia India could soon see a change in ownership structure as the Tata group is in discussion to increase the conglomerate's stake in the airline.
"There are discussions going on (between Tata Sons and AirAsia India) and I know the Tatas are keen to increase stake. They are happy with AirAsia's performance," an Economic Times report quoted senior executive at AirAsia Berhad as saying.
Requesting anonymity, a person familiar with the developments told The Economic Times: Tata Sons will likely acquire private investor Arun Bhatia's shares, reducing his holding to a "bare minimum."
17/06/15 Business Insider
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"There are discussions going on (between Tata Sons and AirAsia India) and I know the Tatas are keen to increase stake. They are happy with AirAsia's performance," an Economic Times report quoted senior executive at AirAsia Berhad as saying.
Requesting anonymity, a person familiar with the developments told The Economic Times: Tata Sons will likely acquire private investor Arun Bhatia's shares, reducing his holding to a "bare minimum."
17/06/15 Business Insider
