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Jhunjhunwala
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Akasa Air is looking to raise $75-100 million through the issuance of fresh equity, which would result in the dilution of the Jhunjhunwala family’s 46% stake.
Akasa Air, the newest airline in India and backed by the late billionaire Rakesh Jhunjhunwala, is planning to raise $75-100 million through the issuance of fresh equity, as the company seeks to expand its business operations.
