Tata Sons increases stake in Air Asia India
Ramadorai and Venkataramanan, in their individual capacity, propose to acquire 0.5 percent and 1.5 percent shareholding respectively of Telestra’s remaining 2 percent equity stake in the company.
"AirAsia Investment will continue to hold its 49 percent stake in the company. The agreement was entered into on March 14, 2016, and the transaction is proposed to be completed in April 2016, subject to completion of the relevant corporate approvals and processes," the company said in a statement.
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