News > Tata Sons wins bid for acquiring Air India
Tata Sons wins bid for acquiring Air India
Dais Newsfeed | 08/10/2021 05:25 PM | Click to read full article
Tata Sons win the final bid for acquiring national carrier Air India, news agency ANI reported on Friday. Talace Pvt Ltd of Tata Sons emerged as the winning bidder at Rs 18,000 crores. The transaction is expected to close by the end of December 2021, says Tuhin Kant Pandey, Secretary, DIPAM.
The share purchase agreement (SPA) was given to the bidders in the meeting recently and the process will start after a formal announcement is made, following its approval by the Shah-led ministerial committee.