Business

Government sign SPA with Tata Sons for strategic disinvestment of Air India

The Government yesterday signed the Share Purchase Agreement with Tata Sons for strategic disinvestment of Air India. On the 11th of this month, a Letter of Intent was issued to the successful bidder Tata Sons in the strategic disinvestment transaction of Air India.

The government had approved the winning bid of M/s Tata Sons’ Special Purpose Vehicle M/s Talace Private Limited for Air India disinvestment at an enterprise value of 18 thousand crore rupees on 8th October.

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