Monday 18 October 2021
Air India goes to Tata Sons for USD2.3 billion

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Air India goes to Tata Sons for USD2.3 billion

timestampOct 09, 2021 authorAlShorts Web Desk

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.

Latest News

Almost 5M fatalities recorded due to COVID-19

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UAE logs 115 new cases of COVID-19

India logs 15,981 new cases of COVID-19

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