{"id":392234,"date":"2020-12-30T10:25:08","date_gmt":"2020-12-30T04:55:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392234"},"modified":"2020-12-30T10:25:08","modified_gmt":"2020-12-30T04:55:08","slug":"tata-sons-to-buy-33-more-in-airasia-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-to-buy-33-more-in-airasia-india\/","title":{"rendered":"Tata Sons to buy 33% more in AirAsia India"},"content":{"rendered":"<p>Tata Sons has agreed to buy an additional 32.67% stake in AirAsia India Ltd from its joint venture partner for $37.66 million, increasing its stake in the budget airline to 83.67%, Malaysia\u2019s AirAsia Bhd said on Tuesday.<\/p>\n<p>Tata Sons, which owns a 51% stake in the Indian joint venture, has also the option to buy out AirAsia Bhd\u2019s remaining 16.33% stake after the closure of the deal.<\/p>\n<p>\u201cThere will also be a put option exercisable by AAIL (AirAsia India) in two tranches, with the first tranche being exercisable from 1 March 2022 until 30 May 2022, and the second tranche being exercisable from 1 October 2022 to 31 December 2022,&#8221; AirAsia said in a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons has agreed to buy an additional 32.67% stake in AirAsia India Ltd from its joint venture partner for $37.66 million, increasing its stake in the budget airline to 83.67%, Malaysia\u2019s AirAsia Bhd said on Tuesday. Tata Sons, which owns a 51% stake in the Indian joint venture, has also the option to buy out AirAsia Bhd\u2019s remaining 16.33% stake after the closure of the deal. \u201cThere will also be a put option exercisable by AAIL (AirAsia India) in two tranches, with the first tranche being exercisable from 1 March 2022 until 30 May 2022, and the second tranche [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-392234","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392234","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=392234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}