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Tuesday, January 25, 2022

Tata Sons


Government signs share purchase agreement with Tata Sons for Rs 18,000-crore Air India deal

October 25, 2021 5:26 pm

Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.

Sale of Air India to Tatas signals govt’s determination to push forward with the privatisation agenda

October 11, 2021 8:11 am

Now that this complex sale has been closed, attention will turn to the privatisation/disinvestment of PSUs that has been on the agenda for some time — Bharat Petroleum Corporation Limited, Container Corporation and others — prompting a re-rating.

Air India is back with the Tatas. But what next?

October 12, 2021 7:15 am

Coomi Kapoor writes: The business house’s affinity for the airline industry and expertise in the service sector will be tested as it seeks to nurse the perennially sick airline back to health

Ratan Tata tweets 'Welcome back, Air India' after Tata Sons wins bid for national carrier

October 09, 2021 8:38 am

Tata Sons Chairman Emeritus Ratan Tata tweeted a photograph of the company's former chairman JRD Tata getting down from an Air India flight.

Tata Sons wins bid for acquiring national carrier Air India

October 09, 2021 2:07 am

The Tata Group placed a winning bid of Rs 18,000 crore. Along with the assets, the new owner will also take on around Rs 15,300 crore of debt, Secretary, Department of Investment and Public Asset Management Tuhin Kanta Pandey said.

Air India bid: Tata is frontrunner, ahead of SpiceJet promoter

October 02, 2021 7:27 am

Representatives of both bidders were called for meetings on two occasions earlier this week, during which the share-purchase agreement was discussed to help them take a long-term view of Air India's various liabilities, and plan the funding accordingly.

Tatas, SpiceJet chief in race as Air India divestment enters the concluding stage

September 16, 2021 7:12 am

The airline’s divestment is expected to give the successful bidder control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, and 900 slots at airports overseas.

Tata Sons arm to buy 43.3% stake in Tejas Network for Rs 1,850 cr

July 30, 2021 12:36 am

The total cost of acquisition will touch Rs 2,850 crore if the public offer, by Panatone and other companies of the Tata group, is taken into consideration.

Explained: What lies ahead for Tata and Mistry group after Supreme Court verdict?

March 30, 2021 8:26 am

The petition was filed by Cyrus Pallonji Mistry against Tata Sons and Ratan Tata, alleging that his sacking as the Chairman of Tata Group was "illegal". The judgment brings the curtains down on one of the ugliest public spat in the history of boardroom wars in India.

Tata Sons to buy 32.67% stake in AirAsia India for $37.66 million

December 30, 2020 7:15 am

In a filing to the Malaysian stock exchanges, the AirAsia Group said that the deal, which is worth $37.66 million, will see its share in the Indian budget airline go down to 16.33 per cent.