{"id":445144,"date":"2021-10-26T08:16:37","date_gmt":"2021-10-26T02:46:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445144"},"modified":"2021-10-26T09:01:17","modified_gmt":"2021-10-26T03:31:17","slug":"govt-signs-share-purchase-agreement-with-tata-sons-for-rs-18000-cr-ai-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-signs-share-purchase-agreement-with-tata-sons-for-rs-18000-cr-ai-deal\/","title":{"rendered":"Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr AI deal"},"content":{"rendered":"<p>The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore.<\/p>\n<p>Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline&#8217;s debt.<\/p>\n<p>Following that, on October 11 a Letter of Intent (LoI) was issued to the Tata Group confirming the government&#8217;s willingness to sell its 100 per cent stake in the airline.<\/p>\n<p>&#8220;Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India,&#8221; Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline&#8217;s debt. Following that, on October 11 a Letter of Intent (LoI) was issued to the Tata Group confirming the government&#8217;s willingness to sell its 100 per cent stake in the airline. &#8220;Share Purchase Agreement signed today by Government with [&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-445144","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\/445144","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=445144"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445144\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}