Tata Sons to buy 32.67% more stake in AirAsia India

Tata Sons will enhance its shareholding in low-cost carrier -- AirAsia India -- by buying 32.67 per cent equity stake of its JV partner AirAsia Group Berhad. The budget airline is a JV in which Tata Sons owns 51 per cent stake, while 49 per cent is held with AAIL. After the transaction, Tata's shareholding will go upto 83.67 per cent, while that of AAIL will come down to 16.33 per cent.