Air India returns to Tata fold, company set to pay Rs 18,000 crore for airline

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% of it would go to the government and the rest will go in clearing debt.