{"id":393161,"date":"2021-01-04T10:16:27","date_gmt":"2021-01-04T04:46:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393161"},"modified":"2021-01-04T10:16:27","modified_gmt":"2021-01-04T04:46:27","slug":"tata-group-puts-its-money-where-its-heart-is-aviation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-group-puts-its-money-where-its-heart-is-aviation\/","title":{"rendered":"Tata group puts its money where its heart is: aviation"},"content":{"rendered":"<p>Less is more. At least, that\u2019s what investors would prefer in India\u2019s cut-throat aviation world, in terms of the number of airlines vying for a pie of the market. The good news is the first seeds of consolidation were sown last week. Tata Sons Pvt. Ltd is buying out the majority of its joint venture partner\u2019s stake in AirAsia India Ltd for \u20b9276 crore. While this will raise its stake from 51% to 83.7%, there is a call option for the remaining stake held by AirAsia as well.<\/p>\n<p>With reported plans to buy Air India as well, Tata group is clearly putting its money where its heart is. This is in addition to its 51% stake in the full-service carrier, Vistara. \u201cIf the Tatas successfully acquire Air India and consolidate Vistara and AirAsia India under its brand, Indian aviation will convert from a six to four-player industry comprising Tata group, IndiGo, SpiceJet and GoAir,&#8221; ICICI Securities Ltd\u2019s analysts said in a report on 30 December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Less is more. At least, that\u2019s what investors would prefer in India\u2019s cut-throat aviation world, in terms of the number of airlines vying for a pie of the market. The good news is the first seeds of consolidation were sown last week. Tata Sons Pvt. Ltd is buying out the majority of its joint venture partner\u2019s stake in AirAsia India Ltd for \u20b9276 crore. While this will raise its stake from 51% to 83.7%, there is a call option for the remaining stake held by AirAsia as well. With reported plans to buy Air India as well, Tata group is [&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-393161","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\/393161","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=393161"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393161\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}