{"id":457485,"date":"2021-12-21T10:53:57","date_gmt":"2021-12-21T05:23:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=457485"},"modified":"2021-12-21T10:53:57","modified_gmt":"2021-12-21T05:23:57","slug":"cci-approves-tatas-share-acquisition-in-air-india-ai-express-50-govt-stake-ai-sats","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cci-approves-tatas-share-acquisition-in-air-india-ai-express-50-govt-stake-ai-sats\/","title":{"rendered":"CCI approves Tata\u2019s share acquisition in Air India, AI Express &amp; 50% govt stake AI-SATS"},"content":{"rendered":"<p>NEW DELHI: Paving the way for Tatas taking over Air India, the Competition Commission of India (CCI) has approved acquisition of shareholding in AI, AI Express and AI-SATS Airport Services Private Limited by Talace Private Limited &#8212; a wholly owned subsidiary of Tata Sons.<br \/>\nThe proposed combination envisages acquisition of 100% equity share capital of Air India and Air India Express, and 50% equity share capital of AI-SATS Airport Services Private Limited (AISATS) by Talace Private Limited.<br \/>\nThe countdown for founder Tata Group re-acquiring AI 68 years after the Maharaja was nationalised has begun. They have to take control and start running AI, AI Express and AI-SATS (in which 50% stake is with the new owners) latest by January 23, 2022, \u2014 the \u201clong stop date\u201d as per the share purchase agreement signed with the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Paving the way for Tatas taking over Air India, the Competition Commission of India (CCI) has approved acquisition of shareholding in AI, AI Express and AI-SATS Airport Services Private Limited by Talace Private Limited &#8212; a wholly owned subsidiary of Tata Sons. The proposed combination envisages acquisition of 100% equity share capital of Air India and Air India Express, and 50% equity share capital of AI-SATS Airport Services Private Limited (AISATS) by Talace Private Limited. The countdown for founder Tata Group re-acquiring AI 68 years after the Maharaja was nationalised has begun. They have to take control and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-457485","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/457485","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=457485"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/457485\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=457485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=457485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=457485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}