+
Govt and Tata Sons sign share purchase agreement worth Rs 18k cr
AVIATION & AIRPORTS

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

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

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 SourceAlso read: Air India returns to Tata Sons

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code