
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.
Dr. Harsh Mahajan, Founder, and Chief Radiologist, Mahajan Imaging gave a great deal of detail ab
Vice President Rajya Sabha Chairman Venkaiah Naidu was given farewell in Parliament today. During
Russia's special military operation in Ukraine is going on and there is also a sequence of serial
Gurugram News: The graph of corona infection has started declining in Gurugram. That is why the s
Amit Shah in Gujarat: Amit Shah's two-day visit to Gujarat from today, worship at Meldi Mata temple
Union Home and Cooperation Minister Amit Shah are on a two-day visit to Gujarat from today. Amit
Weekend Ka Vaar, the sixth week, is going to be very challenging for the housemates. The confront
The miscreants had already made a plan to pelt stones to spread violence during the religious vis
Given the severe heat, Delhi's Deputy Governor VK Saxena has ordered paid leave for laborers and
Coal crisis: 10.77 GW reduced power supply in the country, cuts continue in many states
Due to the shortage of coal and rising heat, the power crisis in the country has deepened. The sh
India and New Zealand will play the second match of their three-match ODI series on Wednesday. In