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Air India gets CCI approval to acquire AirAsia India

Posted : 16 June 2022 09:23:21 | By TWO Bureau | GNN Bureau

Air India gets CCI approval to acquire AirAsia India

Competition Commission of India (CCI) on Tuesday said it has approved Tata Group-owned Air India’s proposal to acquire the entire shareholding in no-frills carrier AirAsia India. Currently, Tata Sons holds 83.67 per cent of equity share capital in AirAsia India, and the rest is held by AirAsia Investment (AAIL), which is part of Malaysia’s AirAsia Group.



“The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India) by Air India (AIL), an indirect wholly-owned subsidiary of TSPL (Tata Sons Pvt Ltd). At present, TSPL holds 83.67 per cent of the equity share capital of AirAsia India," the competition regulator said in a statement.




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