If talks were to materialise, Tata group that currently owns 51% could acquire the remaining 49% stake currently held by AirAsia with steep discounts following the fall of its global stock price value resulting from COVID-19 crisis
There have been speculations in the market recently regarding AirAsia’s plans to exit the Indian market.
Business standard has reported that Tata’s are likely to tie up with other financial partners to close this deal. There has however been no response from TATA sons and AirAsia regarding the deal.
