https://www.moneycontrol.com/news/business/akasa-air-looking-to-raise-75-100-million-in-fresh-equity-dilute-jhunjhunwalass-46-stake-10799351.html
Akasa Air wants to use the funds to make pre-delivery payments for its order of 72 Boeing 737 Max jets, of which 19 have been delivered. The Jhunjhunwala family, which holds a 46% share in the airline, could see its shareholding diluted
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