Air India Acquisition By Tata Group Gets Green Signal From Competition Commission Of India, Know Details Here

Air India Update: Competition Commission of India Competition Commission of India (CCI) Air India Limited by Tata group company Tales Private Limited. Approved the acquisition of Air India Express and Air India Sats Airport Services Pvt Ltd.

Tata Group is going to buy 100 percent stake in Tales Air India Limited and Air India Express and 50 percent stake in Air India Sats Airport Services Private Limited. Talace Private Limited (Talace) is a subsidiary of Tata Sons. On the other hand, Tata Sons is an investment holding company which is registered with RBI as a core investment company.

Air India is a company owned by the Government of India. Air India and Air India Express Limited are companies providing domestic international flight services as well as air cargo transport services. Whereas Air India SATS Airport Services Private Limited provides ground handling services in Delhi, Bangalore, Hyderabad, Mangalore and Thiruvananthapuram airports, while cargo handling works in Bangalore.

Tata buys Air India for Rs 18,000 crore

Let us tell you that the Tata group was engaged in the acquisition of Air India for one and a half years. Earlier the government was looking to sell some stake in Air India. But when the government decided to completely sell its stake in the Tata group, the Tatas decided to acquire Air India at a bid of Rs 18,000 crore. It is believed that by the end of January in the new year, Air India will be a Tata group company. The Tata group previously has Vistara and Air Asia Airlines.


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