TATA Sons holds 83.67% stake in AirAsia India
From auto to steel, the Tata bunch as of late recaptured responsibility for India after almost 70 years. It has purchased Air India from the public authority in a value and-obligation bargain worth $2.4 billion. Aside from this, Tata Sons additionally holds 83.67 percent stake in AirAsia India while the rest is held via AirAsia Investment Limited (AAIL). It is essential for Malaysia's AirAsia Group. As of now, both the organizations are working it together.
Mission To make AirLines More Stronge
As indicated by the application documented with the Competition Commission of India, "the proposed mix won't adjust the serious scene or bring on any huge unfavorable impact on rivalry in India." The organization says the move is important for Tata's endeavors to reinforce its carrier activities.
First steps to integrate airline businesses
The CCI application is a first step by Tata to integrate its airline businesses, including Vistara, a joint venture with Singapore Airlines, and AirAsia India, which it operates with Malaysia's AirAsia X BHD.
On Tata Group's proposal to buy AirAsia India, Vinmara Longani, Head of Operations, Sarin&Co, a law firm specializing in aircraft leasing and finance, said, "It was on expected lines, as there was no way for the Tata group to hold stake in separate airlines." does not make sense."
