Air India gets CCI’s approval to acquire entire stake of AirAsia India
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The Indian Competition Commission has announced that the proposed acquisition of AirAsia India Ltd's complete stake by Air India Ltd had been approved. According to a notification filed by the fair trade commission, the planned combination entails Air India Ltd (AIL), an indirect wholly-owned subsidiary of Tata Sons Pvt Ltd (TSPL), acquiring the entire equity share capital of AirAsia (India) Pvt Ltd.