News > 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

International Business Times | 09/07/2020 04:10 PM | Click to read full article

Indian conglomerate Tata Sons are in talks to buy out AirAsia Group Bhd's stake in their airline joint venture in India at a steep discount. Tata Sons will likely acquire AirAsia's 49% stake in the venture.

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.