Tata Sons wins bid to acquire Air India for 18,000 crore

New Delhi, 8/10:  Tata Sons has won the bid to acquire national carrier Air India on Friday. The salt-to-software conglomerate placed a winning bid of Rs 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 and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).

Tata’s special purpose vehicle (SPV) Talace Pvt Limited emerged as the winning bidder, DIPAM Secretary Tuhin Kanta Pandey said.

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