AirAsia Berhad, which offloaded majority of its stake in AirAsia India (AAIL) to Tata Sons late last year, has earmarked its remaining 16% equity stake in the airline at $18.8 million.
In a stock exchange filing, AirAsia Berhad said it has classified its remaining stake in AirAsia India from “investment in associates” to “investment securities”, and “re-measured its stake to a fair value of $18.8 million”.
