Air India officially handed over to Tata Sons as disinvestment process completes
Sakshi Education
Air India has been officially handed over to the Tata Sons Limited. The Tata Group takes over the management and control of the airline. The transaction covers three entities, Air India, Air India Express and AI SATS.
Air India officially handed over to Tata Sons as disinvestment process completes
It is indeed noteworthy that the disinvestment process of Air India has been brought to a successful conclusion in a time-bound manner. This proves the Government's ability and the resolve to carry out disinvestment effectively in non-strategic sectors in the future.
The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to Talace Private Limited along with management control.
Talace is a wholly owned subsidiary of Tata Sons. In October last year, the Government approved Air India disinvestment. The Air India strategic disinvestment transaction has been completed with Government receiving a consideration of two thousand 700 crore from the Talace Private Limited.
