Tata Sons wins bid for acquiring national carrier Air India

Tata Sons made a winning bid of 18,000 crore rupees for Air India.
Talace Private Ltd, which is a wholly owned subsidiary of Tata Sons has emerged as successful bidder for acquiring Air India beating a Consortium led by Ajay Singh whose bid was 15,100 crore rupees.
Both the bidders had quoted above the reserve price of 12,906 crore rupees.
The winning bid comprises taking over of 15,300 crore rupees debt and paying rest by cash.

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