Air India: The command of Air India will be handed over to Tata by the end of this week, know the complete details of the acquisition


Posted on 24th Jan 2022 05:20 pm by rohit kumar

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.

1 Like 0 Dislike
Previous news Next news
Other news

Even at the age of 58, Salman Khan's body has not diminished, he is working hard in the gym for Sikandar.

Whenever the fittest actor in the film industry is mentioned, Salman Khan's name is taken. Even a

China will support stabilize Pakistan's financial situation: President Xi Jinping

The Prime Minister of Pakistan is on his first two-day visit to Beijing. Where he met Chinese Pre

India Vs Pakistan: You will be able to see the IND vs. PAK match in the World Cup only if you invest your lifetime earnings! Only one ticket sold for 50 lakhs

IND vs. PAK World Cup 2023 Ticket: If you are thinking of enjoying the great match between India

Covid-19 Update: Decrease in corona cases, 134 new cases were found in 24 hours; Know the positivity rate

The faster the cases of the corona were increasing in the country, the faster they are decreasing

Amazon Deal: Apple Watch is the most useful because of this very special feature

Apple Watch Series 7 On Amazon: If you want to buy Apple Smart Watch for yourself, your partner,

The Russian army will get Belarus in the war: Russia-Belarus will surround Ukraine, this threatens war in Europe; NATO said - we are also ready

On October 10, Russia launched a missile attack on 10 cities including Kyiv, the capital of Ukrai

PM Modi In Gujarat: PM Modi said - Gujarat will not allow 'urban Naxalites to ruin the lives of the youth of the state

Today is the second day of PM Modi, who is on his three-day visit to Gujarat. PM Modi today dedic

The Bigg Boss Kannada 12 house was evacuated, but the ban has now been lifted; Kichcha Sudeep thanks the Deputy CM.

Superstar Kiccha Sudeep's show "Bigg Boss Season 12" is making headlines in Karnataka these days.

Vivo X Fold + phone will be launched soon, and will get 4,600mAh dual-cell battery!

Vivo X Fold +: Information about Vivo X Fold + has already been revealed in leaks. This could be

'Modi ji himself brought a bill against himself... Shah spoke on the bill for dismissal of PM-CM; he took a jibe at the opposition

Union Home Minister Amit Shah has said that the Constitution (130th Amendment) Bill, 2025, will d

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash