Tata Sons acquired Air India with a bid of USD2.3 billion. Tuhin Kant Pandey, Secretary, DIPAM (Department of Investment and Public Asset Management), confirmed the acquisition on Friday. "Talace Pvt Ltd of Tata Sons is the winning bidder at Rs 18,000 crores. The transaction is expected to close by the end of December 2021," he said. Tata Group will now hold a 100% stake in the Indian airline.