{"id":441598,"date":"2021-10-12T08:22:20","date_gmt":"2021-10-12T02:52:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441598"},"modified":"2021-10-12T08:29:36","modified_gmt":"2021-10-12T02:59:36","slug":"govt-issues-letter-of-intent-to-tatas-for-sale-of-air-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-issues-letter-of-intent-to-tatas-for-sale-of-air-india\/","title":{"rendered":"Govt issues letter of intent to Tatas for sale of Air India"},"content":{"rendered":"<p>The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said.<\/p>\n<p>Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline&#8217;s debt.<\/p>\n<p>Subsequent to that, an LoI has now been issued to Tata confirming the government&#8217;s willingness to sell its 100 per cent stake in the airline.<\/p>\n<p>&#8220;Letter of Intent has been issued today,&#8221; DIPAM Secretary Tuhin Kanta Padney told PTI here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline&#8217;s debt. Subsequent to that, an LoI has now been issued to Tata confirming the government&#8217;s willingness to sell its 100 per cent stake in the airline. &#8220;Letter of Intent has [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-441598","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=441598"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441598\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}