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.

Other news

21st day of the attack on Ukraine: Ukraine claims - Russians capture Mariupol hospital, 400 hostages; 35-hour curfew in Kyiv

Today is the 21st day of the Russia-Ukraine war. Russia is constantly bombing civilian areas in U

Bengal Violence: Governor Bose will visit Murshidabad today, and will send a report to the Center after meeting the victims

West Bengal Governor CV Anand Bose will visit Murshidabad today. After meeting the victims, the G

Bholaa: It took 11 days to shoot the 6-minute chase sequence, Ajay Devgan dedicated the action to father Veeru Devgan

Ajay Devgan's film Bhola is releasing in theaters on March 30. The film is also directed by Ajay

What medicine does Rahul take, so he does not feel cold: BJP asked about wearing half a T-shirt in the journey, and Jairam said – his skin is thick, what else should I answer

Rahul Gandhi's T-shirt is once again in discussion in Bharat Jodo Yatra. This time Haryana's Agri

Controllers Conference: Quick and transparent decisions are necessary to prepare for war, Defense Minister said a big thing

Defense Minister Rajnath Singh has said that not only adequate financial resources are necessary

Supreme reprimand': Strong criticism of the Center for returning the recommendation for the appointment of judges, said a big thing

The Supreme Court has again slammed the Center for returning its recommendations for the appointm

As China entered the country, we will enter Karnataka: Sanjay Raut said - no one's permission is needed for this

Shiv Sena MP Sanjay Raut's statement has come to the fore amidst rising tension in the Maharashtr

Uttarkashi Cloud Burst: From Sara Ali Khan to Sonu Sood, stars expressed their grief over the Uttarkashi disaster and prayed

After heavy rains on Tuesday, a cloud burst in Dharali, Uttarkashi, Uttarakhand, causing terrible

Weather Update: Cold will soon knock in the country, and rain will continue in many states, know the weather update of your city

Aaj Ka Mausam The month of October is half over and now cold is going to knock in the country soo

Bindra slammed on social media: 'Advice to others, embarrassment with oneself', users are writing such things in condemnation

Advice to others, embarrassment with oneself... This comment is being made on social media about