05-Apr-2013 4:00 PM
AirAsia receives formal approval from India’s Foreign Investment Promotion Board
Direct News Source
05-Apr-2013 The application made by AirAsia Berhad ("AirAsia") through its investment arm, AirAsia Investment Ltd. ("AAIL") to the Foreign Investment Promotion Board ("FIPB") of India seeking approval for a 49% investment into an Indian joint venture company named 'AirAsia (India) Pvt Ltd" partnering Tata Sons Limited and Mr. Arun Bathia of Telestra Tradeplace Pvt. Ltd. has been granted a formal approval on Thursday, 4 April 2013.
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