Monday, Aug 03, 2020 | Last Update : 03:37 PM IST

132nd Day Of Lockdown

Maharashtra44122827680915576 Tamil Nadu2576131964834132 Andhra Pradesh158764828861474 Delhi1376771233174004 Karnataka134819577252496 Uttar Pradesh92921533571730 West Bengal75516527301678 Telangana6766048609551 Gujarat63675466892482 Bihar5727036637322 Rajasthan4441031216706 Assam4290532385105 Haryana3651929690433 Odisha3491321955236 Madhya Pradesh3353523550886 Kerala259121446383 Jammu and Kashmir2141613127396 Punjab1785311466423 Jharkhand121884513115 Chhatisgarh9608699158 Uttarakhand7593443786 Goa6530466853 Tripura5248346323 Puducherry3806230952 Manipur283117377 Himachal Pradesh2654150813 Arunachal Pradesh19359693 Nagaland19356484 Chandigarh111769819 Meghalaya8742645 Sikkim6582891 Mizoram4702580
  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