
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.
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
Kuberan's House is coming with Sonu Sood, will it give a competition to 'Shark Tank'?
Sonu Sood has dominated in real life. Along with this, he is also busy with TV shows on the big s
In the case of firing at actress Disha Patani's house in Bareilly, the police have so far checked
The political and environmental debate surrounding the protection of the Aravalli Hills has inten
Ever since Hera Pheri franchise's Babu Bhaiya i.e. Paresh Rawal has announced to leave the upcomi
General elections are due in Turkey in June of next year. President Recep Tayyip Erdogan has star
The pace of corona infection is decreasing rapidly in the country and in the meantime, the govern
A picture of North Korean dictator Kim Jong Un and his daughter is going viral on social media. T
5G spectrum: Auction of 5G spectrum on July 26, Adani group will also participate
The auction of the 5G spectrum will be held on July 26. The last date for applications to partici
In the race of billionaires, the steps of Indian industrialist and Asia's richest person Gautam A