AZB, Trilegal act on Akasa Air's fresh capital infusion

AZB & Partners and Trilegal acted on Akasa Air receiving a fresh capital infusion from a consortium of prominent investors, including Premji Invest, Claypond Capital, the investment office of Dr. Ranjan Pai, and funds managed by 360 ONE Asset.

Additionally, the Jhunjhunwala family has committed to an additional capital infusion into the airline. These agreements, subject to regulatory approval.

AZB & Partners advised the investors in this transaction.

The transaction team advising Premji Capital consisted of Divya Mundra (Senior Partner) and Devika Nayak (Partner).

The transaction team advising 360 One and Claypond Capital consisted of Nandita Govind (Senior Partner), Anshuman Vikram Singh (Partner) and Guncha Dhiman (Senior Associate).

Trilegal advised the airline. The team was led by Kunal Chandra.

Akasa's in-house team, who acted on the transaction, comprised Chief of Governance & Strategic Acquisitions Priya Mehra and General Counsel Bharat Bahadur.

The fresh capital infusion will play a pivotal role in Akasa Air’s journey to becoming one of the top 30 airlines in the world by the end of this decade. The airline plans to leverage these funds to enhance its operational capabilities, expand its international footprint, and continue its commitment to delivering exceptional customer experiences. By investing in safety, reliability, and cutting-edge technology, Akasa Air aims to strengthen its reputation as a trusted and innovative carrier in India’s rapidly growing aviation market.