{"id":417422,"date":"2021-05-29T09:22:57","date_gmt":"2021-05-29T03:52:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417422"},"modified":"2021-05-29T09:58:31","modified_gmt":"2021-05-29T04:28:31","slug":"airasia-bhds-16-stake-in-india-jv%e2%80%8avalued-at-18-8-million","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-bhds-16-stake-in-india-jv%e2%80%8avalued-at-18-8-million\/","title":{"rendered":"AirAsia Bhd\u2019s 16% stake in India JV\u200avalued at $18.8 million"},"content":{"rendered":"<p>NEW DELHI : Malaysia\u2019s AirAsia Berhad, which sold a big chunk of its stake in AirAsia India Ltd (AAIL) to Tata Sons late last year, has valued its remaining 16% stake at $18.8 million. <\/p>\n<p>In a stock exchange filing, AirAsia Berhad said it has classified its remaining stake in AAIL from \u201cinvestment in associates&#8221; to \u201cinvestment securities&#8221;, and \u201cre-measured its stake to a fair value of $18.8 million&#8221;. \u201cOn 29 December 2020, the group announced that its wholly owned subsidiary AAIL executed a share purchase agreement (SPA) with Tata Sons Pvt. Ltd to sell 32.7% of AirAsia (India) Ltd, comprising 490 million ordinary shares of \u20b910 each, for a consideration of $37.7 million (or approximately RM152.9 million), which resulted in a gain on disposal of RM152.9 million,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Malaysia\u2019s AirAsia Berhad, which sold a big chunk of its stake in AirAsia India Ltd (AAIL) to Tata Sons late last year, has valued its remaining 16% stake at $18.8 million. In a stock exchange filing, AirAsia Berhad said it has classified its remaining stake in AAIL from \u201cinvestment in associates&#8221; to \u201cinvestment securities&#8221;, and \u201cre-measured its stake to a fair value of $18.8 million&#8221;. \u201cOn 29 December 2020, the group announced that its wholly owned subsidiary AAIL executed a share purchase agreement (SPA) with Tata Sons Pvt. Ltd to sell 32.7% of AirAsia (India) Ltd, comprising [&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":[188,139,130],"tags":[],"class_list":["post-417422","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\/417422","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=417422"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417422\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}