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Tata Group to invest $50 million in AirAsia India: Reports

Tata Group will infuse $50 million in AirAsia India as emergency funding to keep its joint venture with AirAsia Group Bhd afloat amid the COVID-19 pandemic, even as the Malaysian partner has stopped funding Indian operations and hinted at wanting to leave the market.The $50 million funding will be a mix of debt and equity that may push Tata Group’s stake in the business above the present 51 percent, sources told Mint.

News source ~ Money Control