Three companies will buy stake in Akasa Air: These include Azim Premji’s Premji Invest and Ranjan Pai’s Manipal Group; CCI gave approval

Azim Premji’s Premji Invest, Ranjan Pai’s Manipal Group and 360 One Asset will jointly buy stake in Akasa Air’s parent company SNV Aviation. The Competition Commission of India (CCI) has approved this purchase.

In February 2025, the three companies had signed an agreement to buy stake in Akasa Air. However, information about how much stake the companies will buy has not been revealed.

After getting the investment, Akasa will expand domestic and international routes along with buying new flights. This will give competition to domestic airline companies like Indigo and Air India.

These companies will invest

PI Opportunity Fund (PIOF): Global investment arm of Azim Premji’s Premji Invest.

Claypond Capital: Family office of Ranjan Pai of Manipal Group.

360 ONE Private Equity Fund: Fund managed by 360 ONE Asset.

Akasa Air has a market share of 4.5%

Akasa Air has a market share of 4.5% in the Indian airline market. In February, 6.58 lakh passengers traveled with Akasa Air. At the same time, Akasa Air is second in the country in terms of on-time performance. 78.6% of Akasa flights take off on time.