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Competition Commission of India approves proposed acquisition of AirAsia India by Air India

India AirAsia India Air India Competition Commission of India TSPL AIL Tata Sons Tatas Air India Express

Competition Commission of India on Tuesday said it has approved the proposed acquisition of the entire shareholding of AirAsia India Ltd by Air India Ltd.

The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Pvt. Ltd. by Air India Ltd. (AIL), an indirect wholly-owned subsidiary of Tata Sons Pvt. Ltd. (TSPL), a notice issued by the fair trade regulator said.

AirAsia India is a joint venture between TSPL and Air Asia Investment Limited (AAIL), with TSPL presently holding 83.67% and AAIL owning a 16.33% stake.

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