Tata to buy out Telestra’s share in AirAsia India?

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By TESTCustomwebLP TESTCustomwebLP June 24, 2015 14:05

Tata to buy out Telestra’s share in AirAsia India?

It has been reported that Tata Group is in talks with Telestra Tradeplace to buy additional equity in startup low-cost carrier (LCC) AirAsia India.
Tata Group has a 30% shareholding in AirAsia India, while Telestra Tradeplace holds 21%. AirAsia Bhd parent group holds the remaining 49%.

Should Tata take control of the 21% stake, as a 51% shareholder in the Vistara carrier with SIA, it would be exposed to a potential conflict of interest.

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By TESTCustomwebLP TESTCustomwebLP June 24, 2015 14:05