AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement

AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement
Visual from the company website
March 17, 2021
AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc., and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021.
The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group’s total issued shares.
The airline said investment firm TPG Capital’s founder and chairman David Bonderman and TPG Asia partners, including Tim Dattels, Ganen Sarbananthan and Zubin Irani, have invested in their personal capacity.

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