Govt and Tata Sons sign share purchase agreement worth Rs 18k cr

29 Oct 2021 CW Team

On Monday, the government signed a share purchase agreement with Tata Sons for Rs 18,000 crore for the sale of Air India.

Earlier, the government had accepted the offer by Talace Private Limited to pay Rs 2,700 crore in cash and take over Rs 15,300 crore of the airline's debt.

On 11 October, the government issued a Letter of Intent (LoI) to the Tata Group, confirming the government's willingness to sell its 100% stake in the airlines.

The Secretary of the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, tweeted that the sale-purchase agreement was signed between the government and Tata Sons for strategic disinvestment of Air India.

The deal included the sale of Air India Express and the ground handling arm of Air India SATS Airport Services Private Limited (AISATS). Tata Group has surpassed the offer of Rs 15,100 crore by SpiceJet promoter Ajay Singh, and the reserve price of Rs 12,906 crore set the government of India for the sale of a 100% stake in the carrier.

It will be the first airport privatisation since 2003-04. Air India will be the third airline under Tata, which has an interest in AirAsia India and Vistara, a joint venture (JV) with Singapore Airlines Limited.

Image Source

Also read: Air India returns to Tata Sons

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..