
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.
Shiv Sena and Congress seem to be at loggerheads after Rahul Gandhi's alleged comment on Veer Sav
April 2022 Releases: In April, there will be a big bang in the cinemas
The restrictions imposed across the country for the prevention of corona infection have now been
Today is the second day of PM Modi, who is on his three-day visit to Gujarat. PM Modi today dedic
Samajwadi Party MP Akhilesh Yadav has expressed grief over the Hathras accident and cornered the
Tripura: PM Modi will inaugurate the first dental college, CM Manik Saha gave information
Tripura's first Dental College inauguration on sunday: Prime Minister Narendra Modi will inaugura
DU PG Admission: First list of DU postgraduate admission released, check this way
DU PG admission 2022: Delhi University has released the first merit list for postgraduate admissi
The person who threatened to kill Delhi Chief Minister Rekha Gupta has been arrested from Ghaziab
Assembly elections have been completed in Madhya Pradesh. Exit polls have also come out and now e
US Alaska: 7.4 magnitude earthquake in Alaska, tsunami warning in coastal areas
Earthquake tremors have been felt in Alaska, USA. The intensity of the earthquake has been measur
Forty days ago a plane crashed in the Amazon jungles of Colombia. After this incident, news came