The Air India strategic disinvestment transaction has been completed, GoI recived  Rs 2,700 crore

New Delhi, Jan 27: The Air India strategic disinvestment transaction has been completed today with Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (M/s TalacePvt Ltd, a wholly owned subsidiary of M/s Tata Sons Pvt Ltd), retaining debt of Rs 15,300 crore in Air India and AIXL and transferring shares of Air India (100% shares of Air India and its subsidiary AIXL and 50% shares of AISATS) to the Strategic Partner.

It is pertinent to mention that following Government’s approval of the highest price bid of M/s TalacePvt Ltd for strategic disinvestment of Air India, the Letter of Intent was issued to the winning bidder on 11 October 2021. The Share Purchase Agreement (SPA) was signed on 25 October, 2021.

Thereafter, Strategic Partner (M/s TalacePvt Ltd), Air India and the Government worked towards satisfying a set of conditions precedent defined in the SPA including approvals from anti-trust bodies, regulators, lenders, third parties, etc. These conditions have since been met to mutual satisfaction.

What Next?

Recent Articles

Leave a Reply

Submit Comment

*

Where to buy Vidalista Professional 20 Mg (Tadalafil) tablet