Govt. signs share purchase agreement with Tata Sons for ₹18,000 crore Air India deal
The Hindu
The government had accepted an offer by Talace Pvt Ltd, a unit of the holding company, to pay ₹2,700 crore cash and take over ₹15,300 crore of the airline's debt.
The government on Monday signed a share for sale of national carrier Air India for ₹,000 crore.
Earlier this month, the government had accepted an offer by Talace Pvt. Ltd., a unit of the holding company of the salt-to-software conglomerate, to pay ₹2,700 crore cash and take over ₹15,300 crore of the airline's debt.
Following that, on October 11 a Letter of Intent (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100% stake in the airline.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
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