Malaysian carrier AirAsia will be reduced to a financial investor in its India unit as larger strategic partner Tata Sons initiates consolidation moves in aviation. AirAsia, which till recently held 49% in its India venture, will see its stake fall to 13% as it prioritises its geographical play after being faced with Covid-induced financial woes.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mzXZZx
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