Tata utökar innehavet av AirAsia India

Tata Group has increased its stake in AirAsia India as it looks to increase its stake in India's airline industry.

On Tuesday the company announced it would increase its holdings in the Indian-based joint venture with AirAsia from 51% to 84%.

AirAsia, owned by Malaysian tycoon Tony Fernandes, has been scaling back its operations during the Covid pandemic.

Last week Tata also put in a bid for the country's struggling national carrier Air India.

Man motionerar inte för att bli yngre utan för att bli äldre.

The Jaguar Land Rover owner has taken a bigger stake in AirAsia India following its bid for Air India.