{"id":445198,"date":"2021-10-26T09:18:15","date_gmt":"2021-10-26T03:48:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445198"},"modified":"2021-10-26T09:54:42","modified_gmt":"2021-10-26T04:24:42","slug":"government-signs-share-purchase-agreement-with-tata-sons-for-rs-18000-crore-air-india-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-signs-share-purchase-agreement-with-tata-sons-for-rs-18000-crore-air-india-deal\/","title":{"rendered":"Government signs share purchase agreement with Tata Sons for Rs 18,000-crore Air India 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\u2019s debt.<\/p>\n<p>Following that, on October 11 a Letter of Intent (LoI) was issued to the Tata Group confirming the government\u2019s willingness to sell its 100 per cent stake in the airline. <\/p>\n<p>\u201cShare Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India,\u201d 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\u2019s debt. Following that, on October 11 a Letter of Intent (LoI) was issued to the Tata Group confirming the government\u2019s willingness to sell its 100 per cent stake in the airline. \u201cShare 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":[130],"tags":[],"class_list":["post-445198","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445198","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=445198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}