Premji-Ranjan Pai family offices to board Akasa with big stake buy

Akasa Air is securing a $130-140 million investment from a consortium led by Premji Invest and Claypond Capital. The Jhunjhunwala family is also reinvesting, maintaining their majority stake. The funds will support Akasa's expansion plans and aircraft pre-delivery payments, despite delays in Boeing 737 Max deliveries impacting projected income.
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