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Akasa Air secures fresh funding from Azim Premji and Ranjan Pai
The New Indian Express Kollam
|February 07, 2025
AKASA AIR on Thursday said that it has signed agreements with marquee investors to infuse fresh capital into the airline.
A consortium of investors, including Premji Invest, the global investment arm of IT Czar Azim Premji, Claypond Capital – the investment office of Ranjan Pai and funds managed by 360 ONE Asset, a leading asset management firm – has signed investment agreements with Akasa Air.
Independently, the family of late ace investor Rakesh Jhunjhunwala, a key stakeholder in the airline, has committed to an additional capital infusion. All these agreements are subject to regulatory approval.
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