Wednesday, December 1

Tag: Air India

TATA Group wins bid to acquire Air India Airlines
INDIA TODAY

TATA Group wins bid to acquire Air India Airlines

Ultimately the speculation became the reality. India’s largest MNC Tata Sons has acquired Air India.  A few days ago, it was heard that the Tata group will buy the national airlines but later that speculation was dispelled by the Center. Finally, on Friday, the government announced that the Tata group had bought Air India for Rs 16,000 crore.  The Tata Group will take over state-owned Air India, marking a successful end to the government’s bid to privatize the national carrier after having failed to sell a majority stake in it in 2018. The salt-to-software conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India, Air India Express, th...
TATA Group joins race to acquire Air India
Business, INDIA TODAY

TATA Group joins race to acquire Air India

TATA Group put the game on hold on the last day by submitting tenders for the liquidation of Air India. Wednesday was the last day to submit tenders for Air India's liquidation. As a result, experts believe that Tata is ahead in the race to buy the national airline. The Union Finance Ministry said, “Transaction Advisor has accepted the financial tender for the liquidation of Air India. The process has now reached its final stage. ” Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals Founded by Jamsetji Tata in 1868, the group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership ...