<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Tata+Sons+Ltd">Tata Sons Ltd</a> on Monday said it will increase its stake in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AirAsia+India+Ltd">AirAsia India Ltd</a> to 49% from the existing 41.06%.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Tata+Sons+Ltd">Tata Sons Ltd</a> on Monday said it will increase its stake in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AirAsia+India+Ltd">AirAsia India Ltd</a> to 49% from the existing 41.06%.
In a statement, the Tata Group holding company said it has entered into an agreement with Air Asia (India) Ltd, Telestra Tradeplace Pvt. Ltd and two of the directors of the company, S. Ramadorai (chairman) and R. Venkataramanan, under which Tata Sons will propose to increase its stake in the company to 49% from its existing stake of 41.06%, by acquiring 7.94% equity stake from Telestra. Ramadorai and Venkataramanan, in their individual capacities, propose to acquire 0.5% and 1.5% shareholding, respectively, of Telestra’s remaining 2% equity stake in the company.
AirAsia Investment Ltd will continue to hold its 49% stake in the company.
The agreement was entered into on 14 March, and the transaction is proposed to be completed in April, subject to completion of relevant corporate approvals and processes.
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<h4 style="text-align: justify;">This story was first published on<a href="http://www.livemint.com"> livemint.com</a></h4>

Tata Sons said it will increase its stake in AirAsia India to 49% from its existing 41.06%, by acquiring 7.94% equity stake from Telestra Tradeplace

India: Tata Sons to increase stake in AirAsia India to 49%

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India: Tata Sons to increase stake in AirAsia India to 49%

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