NEW DELHI: CCI approves acquisition of entire shareholding in Air Asia India by Air India, a wholly-owned subsidiary of Tata Sons. The Indian Competition Commission has announced that the proposed acquisition of AirAsia India Ltd’s complete stake by Air India Ltdhad been approved. According to a notification filed by the fair trade commission, the planned combination entails Air India Ltd (AIL), an indirect wholly-owned subsidiary of Tata Sons Pvt Ltd (TSPL), acquiring the entire equity share capital of AirAsia (India) Pvt Ltd. AirAsia India is a joint venture between TSPL and Air India Investment Limited (AAIL), with TSPL presently holding 83.67 per cent and AAIL owning a 16.33 per cent stake.

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