(MENAFN- Kashmir Observer)
Fiile Photo
New Delhi- The government on Thursday officially handed over Air India to the Tata Group.
Tata Sons chairman N Chandrasekharan said the group is very happy to have Air India back in its fold.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited, a subsidiary of the Tata Group's holding company, which is the successful bidder.
'Now, the new owners (of the airline) are Talace,' Pandey noted.
Speaking to reporters here, Chandrasekharan said, 'We are totally delighted that the takeover process of Air India is complete.'
'We are very happy to have Air India back in the Tata group. We look forward to working with everyone to create a world-class airline,' he added.
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited for Rs 18,000 crore.
MENAFN27012022000215011059ID1103600804
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.