December 30, 2025 09:49 am (IST)

Make this your homepage

All Finance

Bangladesh’s first female Prime Minister Khaleda Zia passes away at 80 | India rejects Pakistan’s Christmas vandalism remarks, cites its ‘abysmal’ minority record | Minority under fire: Hindu houses torched in Bangladesh village | Supreme Court puts Aravalli redefinition on hold amid uproar, awaits new expert committee | Supreme Court strikes! Kuldeep Sengar’s bail in Unnao case suspended amid public outcry | From bitter split to big reunion! Pawars join hands again for high-stakes civic battle | CBI moves Supreme Court challenging Kuldeep Sengar's relief in Unnao rape case | Music under attack: Islamist mob attacks James concert with bricks, stones in Bangladesh, dozens hurt | Christmas vandalism sparks mass arrests in Raipur; Assam acts too with crackdown on 'religious intolerance' | BJP's VV Rajesh becomes Thiruvananthapuram Mayor after party topples Left's 45-year-rule in city corporation

Air India

Image credit: Ratan Tata Twitter page

Tata Sons acquire Air India bid, Ratan Tata tweets 'welcome back'

India Blooms News Service | @indiablooms | Oct 08, 2021, at 10:22 pm

#TataSona #AirIndia #RatanTata #AirIndiaBid

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

The bid by the consortium led by Ajay Singh was ₹15,100 crore - @SecyDIPAM #AirIndia pic.twitter.com/E4sivPQfvs
— PIB India (@PIB_India) October 8, 2021

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."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.