Tatas raise stake in AirAsia India to 51%

Tata group has increased its stake in AirAsia India to about 51%. This has been done in order to consolidate airline’s positioning in the aviation sector. Now, Tatas hold controlling stake in two airlines — the second being Vistara that is 49% owned by Singapore International Airlines. Earlier, both Tata group and AirAsia had 49% stake each with Tata Trusts managing partner R Venkataramanan and group executive S Ramadorai holding the rest.

(Source: ET)