PETALING JAYA: Indian conglomerate Tata Sons is reportedly planning to raise its stake in AirAsia India to become the controlling shareholder in the budget carrier.
According to The Times of India, Tata Sons is looking to buy an additional 2% stake in AirAsia India to raise its interest to 51% as part of a clean-up and consolidation exercise act.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!