Tata Sons currently owns 51% in AirAsia India while AirAsia Berhad owns the rest. The reason for the prompt purchase, apart from the Malaysian airline’s intent to exit its India business, is that Tata Sons wants to keep an entity ready to bid for Air India, said one of the people cited above. It’s other joint venture partner Singapore Airlines in Vistara is yet to be convinced to be on board for the investment.
– Stocks-Markets-Economic Times
