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

Akasa Air, one of India’s newest airlines, is in discussions with a consortium comprising Premji Invest and Claypond Capital, the family offices of Wipro’s Azim Premji and the Manipal Group’s Ranjan Pai, respectively, for a significant minority stake investment of approximately $125 million. The consortium has engaged Alvarez & Marsal, a consultancy firm, to conduct…

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