{"id":46702,"date":"2023-09-25T14:07:39","date_gmt":"2023-09-25T08:37:39","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=46702"},"modified":"2024-01-02T21:55:54","modified_gmt":"2024-01-02T16:25:54","slug":"akasa-air-billion-in-valuation-with-fund-raise","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/09\/25\/akasa-air-billion-in-valuation-with-fund-raise\/","title":{"rendered":"Akasa Air Achieves One Billion USD in Valuation with New Fund Raise"},"content":{"rendered":"\n

MUMBAI-<\/strong> Akasa Air (QP)<\/a>, India’s youngest and greenest airline, is exploring the possibility of raising up to $400 million, which would assign a valuation of $1 billion to the airline, as disclosed by two sources familiar with the matter told Livemint<\/em>.<\/p>\n\n\n\n

Nevertheless, according to the same sources, this fundraising endeavor might reduce the ownership stake held by the family of the late billionaire investor Rakesh Jhunjhunwala.<\/p>\n\n\n\n

\"Akasa
Photo: Siddh Dhuri\/ Mumbaiplanes, <\/figcaption><\/figure>\n\n\n\n

Akasa Air Valuation<\/h2>\n\n\n\n

The financing will likely be conducted in multiple phases, leading to an incremental increase in valuation, reaching around $1 billion from its current value of approximately $650 million. The Jhunjhunwala family is anticipated not to acquire additional shares during these fresh equity issuances, potentially diluting their existing holding.<\/p>\n\n\n\n

Furthermore, the appointed banker for this process may explore potential buyers for a secondary stake sale by the Jhunjhunwala family, which currently holds a 45.97% stake in Akasa Air.<\/p>\n\n\n\n

Mint reports that the ownership breakdown of Akasa Air is as follows:<\/p>\n\n\n\n