Founding investor in AirAsia India, Telestra Tradeplace, plans to sell out of its shareholding in the two-year-old low-cost carrier (LCC). The company will sell its 10% shareholding partially to co-founder Tata Sons, which will take 7.94%, with AirAsia India directors taking the remainder. This will increase Tata Sons’ holding to 49% from its existing stake of 41.06%, but will still leave parent company AirAsia Berhad with a minority share of 49%. Telestra originally took a 21% ...

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