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Air India

Image credit: Ratan Tata Twitter page

Tata Sons acquire Air India bid, Ratan Tata tweets 'welcome back'

India Blooms News Service | @indiablooms | Oct 08, 2021, at 10:22 pm

#TataSona #AirIndia #RatanTata #AirIndiaBid

New Delhi: Tata Sons on Friday won the bid to acquire India's national carrier Air India.

The conglomerate placed a winning bid of ₹ 18,000 crore re-acquire the airline.

Government approves the winning bid of M/s Tata Sons’ SPV (M/s Talace Pvt Ltd) for @airindiain disinvestment at an enterprise value of ₹18000 crore

The bid by the consortium led by Ajay Singh was ₹15,100 crore - @SecyDIPAM #AirIndia pic.twitter.com/E4sivPQfvs
— PIB India (@PIB_India) October 8, 2021

More than half a century ago, the salt-to-software conglomerate had ceded control over the airlines to the government.

Welcome back, Air India 🛬🏠 pic.twitter.com/euIREDIzkV
— Ratan N. Tata (@RNTata2000) October 8, 2021

Tata Group chairman emeritus Ratan N Tata reacted immediately after the successful bid by the conglomerate to acquire the airlines brand and tweeted: "Welcome back, Air India."

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