Tech tycoon Azim Premji's global investment arm, Manipal Group Chief Ranjan Pai's family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier Akasa Air's parent company SNV Aviation. "The proposed transaction involves the acquisition of certain shareholding by each of PIOF, Claypond and 360 Fund (through its various schemes and affiliates) in Akasa Air," said a notice filed with the Competition Commission of India (CCI) on Wednesday.
Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods.
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