Financial Insights

Tata Sons to buy residual stake in AirAsia India for $19 million

As part of the deal, Tata Sons plans to acquire AirAsia India’s residual stake of 16.33 per cent from its joint venture partner, AirAsia Berhad for $ 19 million (Rs 142 crore).

The valuation is based on the  previous transaction under which AirAsia Berhad had sold its 32. 6 per cent stake, as per a banking source.

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