Air India gets CCI nod to buy entire AirAsia stake
Air India, which is a wholly-owned subsidiary of Tata Sons, has received the antitrust regulator’s approval to entire shareholding in no-frills carrier AirAsia India. Tata Sons, the investment-holding company of all Tata Group firms, holds an 83.67% stake in AirAsia India.
This comes ahead of Tata group’s plans to turnaround debt-laden Air India, which it took over in January this year, even as the salt-to-software conglomerate inches a step closer to bringing all its aviation businesses under one umbrella.
