{"id":392259,"date":"2020-12-30T10:58:58","date_gmt":"2020-12-30T05:28:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392259"},"modified":"2020-12-30T10:58:58","modified_gmt":"2020-12-30T05:28:58","slug":"airasia-berhad-sells-32-67-stake-in-indian-jv-to-tata-sons-for-37-6-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-berhad-sells-32-67-stake-in-indian-jv-to-tata-sons-for-37-6-million\/","title":{"rendered":"AirAsia Berhad sells 32.67% stake in Indian JV to Tata Sons for $37.6 million"},"content":{"rendered":"<p>NEW DELHI: Malaysian carrier AirAsia Berhad on Tuesday said it has sold its 32.67% stake in AirAsia India to Tata Sons for $37.66 million ( \u20b9276.10 crore), bringing down its shareholding in the airline to about 16.33%.<\/p>\n<p>&#8220;The Board of Directors of AirAsia (\u201cDirectors&#8221;), wishes to announce that its wholly owned subsidiary, AAIL (AirAsia (India Limited), has on 29 December 2020 executed a Share Purchase Agreement (\u201cSPA&#8221;) with Tata Sons Private Limited (\u201cTSL&#8221;) to sell AAIL\u2019s equity interest of 32.67% in AAI comprising 490,000,000 ordinary shares of INR 10 each, which is equivalent to 32.67% of the issued and outstanding shares of AAI, to TSL for a total consideration sum (&#8220;Purchase Consideration&#8221;) of USD37,660,000,&#8221; the airline said in a filing to Bursa Malaysia.<\/p>\n<p>Prior to the transaction, AirAsia Berhad held a 49% stake in AirAsia India, while Tata Sons held 51%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Malaysian carrier AirAsia Berhad on Tuesday said it has sold its 32.67% stake in AirAsia India to Tata Sons for $37.66 million ( \u20b9276.10 crore), bringing down its shareholding in the airline to about 16.33%. &#8220;The Board of Directors of AirAsia (\u201cDirectors&#8221;), wishes to announce that its wholly owned subsidiary, AAIL (AirAsia (India Limited), has on 29 December 2020 executed a Share Purchase Agreement (\u201cSPA&#8221;) with Tata Sons Private Limited (\u201cTSL&#8221;) to sell AAIL\u2019s equity interest of 32.67% in AAI comprising 490,000,000 ordinary shares of INR 10 each, which is equivalent to 32.67% of the issued and outstanding [&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-392259","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\/392259","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=392259"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392259\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}