Competition Commission of India has approved the acquisition of the entire shareholding in AirAsia India by Air India, a wholly-owned subsidiary of Tata Sons, the competition regulator said on Twitter.
AirAsia India is majority-owned by Tata Sons with a shareholding of 83.67 percent. AirAsia Investment Ltd, part of Malaysia’s AirAsia Group, holds the rest of the stake in AirAsia India.
Air India had sent a proposal to the Competition Commission of India to acquire AirAsia India in April.
