Tata to skyrocket; Air Asia India may also acquire

Four months after welcoming Air India back, the Tata Group is reportedly preparing for another big deal. Tata Motors is reportedly in the process of bringing the sky under its feet. Tata Motors has decided to acquire the entire equity share capital of low-cost carrier AirAsia India through Air India. The news agency Reuters reported.

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Tata Sons already has an 83.67 per cent stake in AirAsia India. The move is to merge the relatively small airline with Air India after acquiring the entire stake. Malaysia’s AirAsia Airlines, which flew nine years ago in the skies of India with high hopes, will leave the country with this. Air Asia owns 16.33% of the Indian unit. This will be Tata’s acquisition. The shares can be acquired directly or through an affiliate under a shareholder agreement between the company and Tata Sons.

As Air India is now an affiliate of the Tata Group, it will be possible to buy shares in Air Asia. It is clear from Tata’s application to the Competition Commission of India (CCI) that this is Tata’s first move to merge the airline’s businesses, including Vistara and AirAsia India, which works with Air Asia in Malaysia. In the application, Tata states that the mergers and acquisitions will not affect operations in any way. At the same time, Tata’s representation in the region will increase. With the launch of Air Asia India, Tata Motors will be able to offer cheaper services. Acquisitions will increase the value of Tata. The stock market is also likely to see big gains.

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Other companies in the Tata Group

Tata Motors, Jaguar Land Rover, Tata Autocomp Systems, Tata Consultancy Services (TCS), Tata LLC, Tata Digital, Tata Steel, Tata Advanced Systems Limited (TASL), Tata Power, Tata Housing , Tata Consulting Engineers, Tata Projects, Tata Realty & Infrastructure Limited, Tata Chemicals, Tata Consumer Products, Titan Company, Voltas, Trent & Infinity Retail, Tata Communications, Tata Play, Tata , Tata AIG, Tata Asset Management Company, Tata Industries, Tata International and Tata Investment Corporation.

There are a number of other companies in the market with which Tata is a partner. In addition to these, there are several foreign brands owned by the Tata Group, including Starbucks India, Tetley, Chorus Group, Daewoo Commercial Vehicles, General Chemical Industrial Products and Tyco Global Network.

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