$125 million investment in Akasa Air soon? Family offices of Wipro’s Azim Premji, Manipal Group’s Ranjan Pai look to board new airline

Akasa Air is in discussions for a significant $125 million minority stake investment with Premji Invest and Claypond Capital to support its expansion and aircraft payments. The investment would lead to some shareholding dilution, but the Jhunjhunwala family would remain the largest shareholder.