Tatas Group raise debt funds for AirAsia India, infuse equity into Vistara

Date posted: Tuesday 4 August 2020

In a Vistara board meeting, promoters Tata Sons and Singapore Airlines were together allotted fresh equity shares worth ₹75 crore. Tata Sons owns 51% in both airlines. The moves come even as AirAsia Berhad is understood to be in discussions with Tata Sons to exit AirAsia India. The two are yet to arrive at a decision.

(Economic Times)