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Tata Sons acquire additional 32% stake in AirAsia India Ltd. for $38 million #BWDigest

AirAsia Group is selling for about $38 million its 32.7% interest in AirAsia India Ltd. to its affiliate Tata Sons Ltd. The corporation reported on Tuesday that it would raise its holdings in the Indian-based JV with AirAsia from 51% to 84%. The AirAsia Group said the transaction, worth $38 million, would minimise its share of the Indian budget airline to 16.33%.

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