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Air India goes to Tata Group for Rs 18,000 crore

The Tata Group will take over state-owned Air India, marking a successful end to the government’s bid to privatise the national carrier after having failed to sell a majority stake in it in 2018.

Tata will pay Rs 18,000 crore to acquire Air India from the government -- of the total money 15% would go to the government and the rest will go in clearing debt.

“Talace Pvt Ltd won the bid to own 100% of government stake in Air India,” Tuhin Kant Pandey, secretary, Department of Investment and Public Asset Management (DIPAM) announced today.

Read more at: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/and-sold-tata-group-to-take-over-national-carrier-air-india/articleshow/86862950.cms

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