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Air India proposes to acquire entire equity of AirAsia India

CCI has notified of the proposal for Air India's acquisition of AirAsia India under the Competition Act, 2022. The proposed combination will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India, irrespective of the manner in which the relevant markets are defined

April 27, 2022 / 10:46 AM IST
Tata Sons holds 83.67 percent of the equity share capital of Air Asia India, while JV partner Malaysia's AirAsia holds 16.33 percent of the shareholding (Representative Image)

Tata Sons holds 83.67 percent of the equity share capital of Air Asia India, while JV partner Malaysia's AirAsia holds 16.33 percent of the shareholding (Representative Image)

Air India has proposed to acquire the entire equity of AirAsia India.

The Competition Commission of India (CCI) has also notified the proposal for Air India's acquisition of AirAsia India.

As per the CCI notification under Section 5(a)(i)(A) and 5(b)(i)(A) of the Competition Act, 2002, the proposed combination relates to the acquisition of the entire equity share capital of AirAsia India by Air India. At present, Tata Sons (TSPL) holds 83.67 percent of the equity share capital of Air Asia India.

It further noted: "The proposed combination will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India, irrespective of the manner in which the relevant markets are defined."