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'Brand new chapter': Tatas take over Air India
Updated On: 27 January, 2022 04:36 PM IST | New Delhi | PTI
In October last year, Tata Group announced the winning bidder for Air India with a bid amount of Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline`s debt
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An Air India aircraft prepares to land at the Chhatrapati Shivaji Maharaj International Airport in Mumbai. Pic/ AFP
Tata Group on Thursday took over the ownership of national carrier Air India.
"The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s talace Pvt Ltd along with management control," DIPAM Secretary Tuhin Kanta Pandey said in a tweet.
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