05/10/2020 12:27 PM | Click to read full article
Tata Sons, which has a 51 percent holding in AirAsia India, may buy the balance 49 percent stake in the budget airline from the parent Malaysian company.
"AirAsia, because of its financial difficulties, is not keen on infusing capital into the India JV. It wants the JV to take on debt to run the operations. Tata Sons is forced to consider buying out AirAsia."