Air India Tata Sons acquire Air India bid, Ratan Tata tweets 'welcome back'
New Delhi: Tata Sons on Friday won the bid to acquire India's national carrier Air India.
The conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline.
Government approves the winning bid of M/s Tata Sons’ SPV (M/s Talace Pvt Ltd) for @airindiain disinvestment at an enterprise value of ₹18000 crore
— PIB India (@PIB_India) October 8, 2021
The bid by the consortium led by Ajay Singh was ₹15,100 crore - @SecyDIPAM #AirIndia pic.twitter.com/E4sivPQfvs
More than half a century ago, the salt-to-software conglomerate had ceded control over the airlines to the government.
Welcome back, Air India 🛬🏠 pic.twitter.com/euIREDIzkV
— Ratan N. Tata (@RNTata2000) October 8, 2021
Tata Group chairman emeritus Ratan N Tata reacted immediately after the successful bid by the conglomerate to acquire the airlines brand and tweeted: "Welcome back, Air India."
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