NEW DELHI : Malaysia’s AirAsia Berhad, which sold a big chunk of its stake in AirAsia India Ltd (AAIL) to Tata Sons late last year, has valued its remaining 16% stake at $18.8 million. In a stock exchange filing, AirAsia Berhad said it has classified its remaining stake in AAIL from “investment in associates" to “investment securities", and “re-measured its stake to a fair value of $18.8 million". Ltd to sell 32.7% of AirAsia (India) Ltd, comprising 490 million ordinary shares of ₹10 each, for a consideration of $37.7 million (or approximately RM152.9 million), which resulted in a gain on disposal of RM152.9 million," it said. The total consideration in respect of the option is $18.8 million (or approximately RM76.5 million)," it added. Tata Sons, which owns 83.67% stake in AirAsia India, has the option to buy out AirAsia Bhd’s remaining 16.33% stake after the closure of the deal.

Source: Mint May 28, 2021 10:02 UTC