TMI BlogAir India strategic disinvestment completedX X X X Extracts X X X X X X X X Extracts X X X X ..... Air India strategic disinvestment completed - News and Press Release Dated:- 27-1-2022 - News - The Air India strategic disinvestment transaction has been completed today with Government receiving a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consideration of ₹ 2,700 crore from the Strategic Partner (M/s Talace Pvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt Ltd), retaining debt of ₹ 15,300 crore in Air India and AIXL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and transferring shares of Air India (100% shares of Air India and its subsidiary AIXL and 50% shares of AISATS) to the Strategic Partner. It is pertinent to mention that following Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s approval of the highest price bid of M/s Talace Pvt Ltd for strategic disinvestment of Air India, the Letter of Intent was issued to the winning bidder on 11 October 2021. The Share Purchase Agreeme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt (SPA) was signed on 25 October, 2021. Thereafter, Strategic Partner (M/s Talace Pvt Ltd), Air India and the Government worked towards satisfying a set of conditions precedent defined in the SPA inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luding approvals from anti-trust bodies, regulators, lenders, third parties, etc. These conditions have since been met to mutual satisfaction. - News - Press release - PIB Tax Management India - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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