Air India has proposed to acquire a 100 per cent equity of AirAsia (India) Private Limited. Air India made the proposal in a petition moved before the Competition Commission of India (CCI). Air India Private Limited was formally acquired by Tata Sons Private Limited through a wholly-owned subsidiary company, Talace…
Tata Sons have emerged successful in winning the bid of India’s struggling national carrier Air India, said Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM). The country’s largest conglomerate had submitted their final bids last month to acquire a 100 per cent stake in…
Tata Sons has won the final bid for acquiring national carrier Air India, according to government sources. The salt-to-software conglomerate had submitted the final bid for the airline on September 15 and emerged as the frontrunner to acquire the airline. While SpiceJet promoter Ajay Singh had also submitted a bid…