Tata Group has acquired Air India after placing a winning bid of ₹18,000 crore for the airline..The transaction does not include assets like land and buildings, which are valued at over ₹14,000 crore. The same will be transferred to the government.Talace Private Limited, which is a subsidiary of Tata Sons, had won the bid.Tata Sons will acquire Air India, 50 per cent of Air India-Sats, and Air India Express. The government will get ₹ 2,700 crore in cash from the Air India sale.The Air India-Tata deal will go through subject to approval from the Competition Commission of India..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
