Press "Enter" to skip to content

Tata Sons New Owner Air India Tata Sons Wins Bid For Acquiring National Carrier Air India


New Delhi: Tata Sons has on Friday won the bid to acquire debt-laden state-run national carrier Air India more than half a century after it ceded control to the government.

According to reports, the salt-to-software conglomerate placed a winning bid of Rs 18,000 crore re-acquire 100 stakes of the airline.

Not just a 100 per cent stake in Air India and its low-cost arm, Air India Express, Tata’s winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).

Soon after winning the bid, Ratan Tata took to Twitter to share a message and an image. “Welcome back, Air India”, he captioned the post.



Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *