AirAsia Group sells 32.6% of AirAsia India to Tata Sons for RM152m

The low-cost carrier said on Tuesday its unit AirAsia Investment Ltd (AAIL) was selling a 32.67% stake in AirAsia India to Tata Sons Private Ltdd, India for US$37.66mil or RM152.58mil.

KUALA LUMPUR: AirAsia Group Bhd, which was badly affected by the travel curbs due to the Covid-19 pandemic, has disposed of a 32.67% stake in its Indian operations.

In a statement to Bursa Malaysia, the low-cost carrier said on Tuesday its unit AirAsia Investment Ltd (AAIL) sold its stake in AirAsia (India) Ltd (AAI) to Tata Sons Private Ltd, India for US$37.66mil or RM152.58mil. This brings its shareholding in AAI to 16.33%.