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Air India strategic disinvestment completed The Air India strategic disinvestment transaction has been completed today with Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (M/s Talace Pvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt Ltd), retaining debt of Rs 15,300 crore in Air India and AIXL and transferring shares of Air India (100% shares of Air India and its subsidiary AIXL and 50% shares of AISATS) to the Strategic Partner. It is pertinent
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FAQ :
Air India has been handed over to the Tata Group, specifically through their wholly-owned subsidiary, Talace Pvt Ltd.
The government received a consideration of Rs 2,700 crore from the Tata Group.
The government retained debt amounting to Rs 15,300 crore in Air India and AIXL.
Along with 100% shares of Air India, the Tata Group also received its subsidiary AIXL and 50% shares of AISATS.
The government's approval of the highest price bid was given on 11 October 2021, with the Letter of Intent issued on the same day.
The Share Purchase Agreement (SPA) was signed on 25 October 2021.
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