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Tata’s Air India Plans to Acquire AirAsia’s Local Venture

An Air India Ltd. aircraft prepares to land at Netaji Subhas Chandra Bose International Airport in Kolkata, India.

An Air India Ltd. aircraft prepares to land at Netaji Subhas Chandra Bose International Airport in Kolkata, India.

Photographer: Arko Datto/Bloomberg

Air India Ltd., which was taken over by Tata Sons Pvt in January, has offered to acquire the entire share capital of AirAsia India, according to a filing with the country’s anti-trust regulator.

The proposed offer seeks to buy the residual stake held by AirAsia Bhd., the filing on the website of the Competition Commission of India showed. Tata Sons holds a 83.67% stake in AirAsia India.