Air India strategic disinvestment completed

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..... Air India strategic disinvestment completed
News and Press Release
Dated:- 27-1-2022

The Air India strategic disinvestment transaction has been completed today with Government receiving .....

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..... a 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 .....

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..... 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's appr .....

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..... oval 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 Agreement (SP .....

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..... A) 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 including .....

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..... approvals from anti-trust bodies, regulators, lenders, third parties, etc. These conditions have since been met to mutual satisfaction.
News - Press release - PIB .....

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