Tata takeover of Air India, 2 arms gets CCI approval
The Competition Commission of India (CCI) has approved the acquisition of the government’s shareholding in Air India, Air India Express and Air India SATS Airport Services by Tata Group’s Talace Private Limited, taking the first privatisation of a PSU after 17 years closer to completion.
On October 8, Tata Group won the bid for full ownership of the national airline that has long guzzled taxpayers’ money by offering Rs 18,000 crore as enterprise value (EV) consideration.
