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.
Bollywood actor Ranveer Singh is in the news these days for his most-awaited film Dhurandhar. Now
Congress's Bharat Jodo Yatra proceeded in Maharashtra's Hingoli district this morning. Crowds are
The parliamentary committee considering the Waqf Amendment Bill is going to support the governmen
In Alwar, Rajasthan, another case similar to Raja Raghuvanshi and Sonam has come to light. But in
Telugu star and National Award winner Allu Arjun has recently completed the shooting of his most
Harpreet Singh Lalia, a resident of Nagpur in Maharashtra and one of the 104 Indians deported fro
Oppo A78 5G launched with dazzling camera and large storage space, know- what range is this phone
If you have not liked the recently released Xiaomi Redmi Note 12 5G smartphone, then Oppo has lau
The night of June 27 brought bad news for Bollywood and TV industry. 'Kaanta Laga Girl' Shefali J
On January 9, a major accident kept happening at the Bangalore airport. Here two Indigo Airlines
Amid growing speculations over the resignation of former Vice President Jagdeep Dhankhar, Union H
