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Government Approves Air India Disinvestment Tatasons SPV Talace Pvt Ltd - Wins Bid for Air India The Cabinet Committee on Economic Affairs (CCEA) - empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman; Union Minister for Commerce and Industry Shri Piyush Goyal and Union Civil Aviation Minister Shri Jyotiraditya Scindia approved the highe
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FAQ :
Talace Pvt Ltd, a wholly owned subsidiary of Tata Sons Pvt. Ltd, has won the bid for Air India.
The winning bid from Talace Pvt Ltd was Rs 18,000 crore for the enterprise value consideration.
The sale includes 100% equity shareholding of the Government of India in Air India, along with its shareholding in AIXL and AISATS.
Non-core assets, including land and buildings valued at Rs 14,718 crore, are not part of the transaction and will be transferred to Air India Asset Holding Limited.
The disinvestment process for Air India commenced in June 2017 with an 'in-principle' approval from the CCEA.
The transaction is expected to be completed by December 2021.
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