Air India goes to Tata Group for Rs 18,000 crore

The Tata Group will take over state-owned Air India, marking a successful end to the government’s bid to privatise the national carrier after having failed to sell a majority stake in it in 2018.

Tata will pay Rs 18,000 crore to acquire Air India from the government — of the total money 15% would go to the government and the rest will go in clearing debt.