Tata Sons wins bid to acquire Air India
The Hindu
Tata Sons beat SpiceJet promoter to bag Air India.
Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering ₹18,000 crore for acquiring 100% shareholding, a senior government official said on Friday.
An SPV of Tata Sons — the holding company of conglomerate — has emerged as successful bidder, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Management (DIPAM) — the government department responsible for privatisation - said.
Tata Sons beat SpiceJet promoter to bag Air India.
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