Tata Sons to raise stake in AirAsia to 49%
Business conglomerate Tata Sons has entered into an agreement with Chennai-based airlines AirAsia India to increase its stake in the company to 49% from the existing 41.06%. Malaysia's AirAsia Berhad will continue to hold a 49% stake in the airline. The stake sale comes after Delhi-based Telestra Tradeplace, which held a 10% stake in the company, decided to exit.