Tuesday, Aug 11, 2020 | Last Update : 04:27 PM IST

140th Day Of Lockdown

Maharashtra52451335842118050 Tamil Nadu3028752446755041 Andhra Pradesh2355251456362116 Karnataka182354991263312 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
  Business   Companies  09 Jul 2020  Tata Sons in talks to buy out AirAsia India stake at steep discount

Tata Sons in talks to buy out AirAsia India stake at steep discount

REUTERS
Published : Jul 9, 2020, 3:25 pm IST
Updated : Jul 9, 2020, 3:25 pm IST

Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture

 Ratan Tata, Chairman Emeritus of The Tata Group (R) and Air Asia Group CEO Tony Fenandes. Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India. (AFP Photo)
  Ratan Tata, Chairman Emeritus of The Tata Group (R) and Air Asia Group CEO Tony Fenandes. Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India. (AFP Photo)

BENGALURU: Indian conglomerate Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India at a steep discount, an english business newspaper reported on Thursday, citing banking sources.

Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture, according to the newspaper.

 

Malaysian budget carrier AirAsia said earlier in the day that it was in talks to raise more than 1 billion ringgit ($234.52 million) in funds, a day after its auditor cast doubt on its ability to continue as a going concern.

Tags: india, tata sons, airasia group
Location: India, Karnataka, Bengaluru