
The time has finally come to hand over Air India to the Tatas. A report quoting senior officials said that the command of Air India is expected to be handed over to Tata this week on January 26, Republic Day.
The deal was done for Rs 18,000 crore
Significantly, on October 8, 2021, the government had sold Air India to Tales Private Limited, a subsidiary of Tata Group's holding company, for Rs 18,000 crore last year. Subsequently, on October 11, a letter of intent was issued to the Tata Group, officially confirming the government's intention to sell its 100 percent stake in the airline. After this, on October 25, 21, the Center had signed a Share Purchase Agreement (SPA) for this deal.
Third airline brand in Tata group
The rest of the formalities regarding the deal are expected to be completed in the next few days and the airline will be handed over to the Tata group by the end of this week, officials said on Monday. As a part of the deal, the Tata Group will also be handed over a 50 percent stake in Air India Express and ground handling arm Air India SATS. Whereas this will be the first privatization after 2003-04. With this, Air India will be the third airline brand in the Tata group. Earlier, the group held a majority stake in AirAsia India and Vistara.
Gunmen have opened fire in Mexico adjacent to America. 18 people died in the firing. A mayor and
These days the road accident in Pune is being discussed in the country. A speeding luxu
There is good news for the people who are facing the scorching heat. According to the Meteorologi
UP News: CM Yogi gave a gift of Rs 1200 to school students, 1. 91 crores will get the benefit
Chief Minister Yogi Adityanath on Monday pressed the button and transferred Rs 1200 for shoe stoc
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Even
Pakistan itself, which gives shelter to terrorists, is currently struggling with terrorist activi
Pakistan: Suicide blast in Peshawar mosque, at least 30 killed; 50 injured
A man blew himself up during Friday prayers at a mosque in Peshawar, Pakistan. At least 30 people
Rohit becomes the new captain of Test, BCCI announces team against SL
The Board of Control for Cricket in India (BCCI) on Saturday announced the squad for the upcoming
CSK vs RR: Good news for Rajasthan before the last league match, the fastest batsman returns
CSK vs RR: Rajasthan Royals batsman Shimron Hetmyer has again joined the team. He can be availabl
Waris Punjab De Jathedar Amritpal Singh may be attacked. This input has been received by Punjab a