{"id":392176,"date":"2020-12-30T08:31:09","date_gmt":"2020-12-30T03:01:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392176"},"modified":"2020-12-30T08:55:47","modified_gmt":"2020-12-30T03:25:47","slug":"airasia-to-sell-32-67-of-stake-in-its-indian-operations-to-tata-sons","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-to-sell-32-67-of-stake-in-its-indian-operations-to-tata-sons\/","title":{"rendered":"AirAsia to sell 32.67% of stake in its Indian operations to Tata Sons"},"content":{"rendered":"<p>Malaysian budget airline AirAsia Group Bhd said on Tuesday it plans to sell 32.67% of its stake in its Indian operations to majority shareholder Tata Sons for $37.7 million. <\/p>\n<p>The airline, which until now owned 49% of AirAsia India as part of a joint venture with the Indian conglomerate, said the sale would allow it to focus on its recovery in its key Southeast Asian markets amid the impact of the COVID-19 pandemic on travel. <\/p>\n<p>&#8220;The directors having considered the rationale for the transaction and after careful consideration, are of the opinion unanimously that the transaction is in the best interest of AirAsia and its shareholders,&#8221; the airline said in a bourse filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysian budget airline AirAsia Group Bhd said on Tuesday it plans to sell 32.67% of its stake in its Indian operations to majority shareholder Tata Sons for $37.7 million. The airline, which until now owned 49% of AirAsia India as part of a joint venture with the Indian conglomerate, said the sale would allow it to focus on its recovery in its key Southeast Asian markets amid the impact of the COVID-19 pandemic on travel. &#8220;The directors having considered the rationale for the transaction and after careful consideration, are of the opinion unanimously that the transaction is in the best [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-392176","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=392176"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392176\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}