Tata Sons plans to increase its stake in AirAsia India to 41.06% from 30%. Unconfirmed reports state that Tata Sons will likely acquire the additional stake from Arun Bhatia’s Telestra Tradeplace which currently holds 21 percent stake in the new airline. The airline is facing a reshuffle in its top management reshuffle. CEO Mittu Chandilya will be elevated as managing director, while CFO Vijay Gopalan has resigned.

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