Air India's acquisition of AirAsia India approved by The Competition Commission of India (CCI)

Jun 14, 2022 04:50 pm

Tata Group-owned Air India's proposal to buy the entire equity share capital of AirAsia India is approved by the Competition Commission of India (CCI) today.

Tata Sons had 83.67% stake in AirAsia India and the remaining stake is with AirAsia Investment Ltd (AAIL), which is part of Malaysia's AirAsia Group

Air India had sought approval from the CCI for the proposed deal.