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.
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