Air India Sold To Tatas For Rs.18,000 Crore

Saturday, 9 October 2021Newsdesk

Tata Sons Pvt. was selected as the winning bidder for India's flag carrier, ending decades of attempts to privatize a money-losing and debt-laden airline, and potentially ending years of taxpayer-bailouts that's kept the company alive.

New Delhi, 09 October 2021

As per news report of NDTV, Tata Sons, which originally launched Air India Ltd. with a namesake branding in 1932, bid Rs.18,000 crore ($2.4 billion) as an enterprise value for Air India, Tuhin Kanta Pandey, the top bureaucrat at India's Department of Investment and Public Asset Management, said at a briefing on Friday. The government aims to complete the transaction by the end of 2021.

Source - NDTV