Poket News

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.