Tata regains Air India control in privatisation victory for Modi
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By Aditi Shah
NEW DELHI, Jan 27 (Reuters) - India's Tata Group took control of state-run carrier Air India on Thursday, regaining ownership of the airline after nearly 70 years and marking a victory for Prime Minister Narendra Modi's privatisation push.
The auto-to-steel conglomerate in October won the bid website to take over Air India in a $2. If you beloved this report and you would like to get more info concerning สล็อตเว็บตรง kindly stop by our own web-page. 4 billion equity and debt deal, ending years of struggle to privatise the financially troubled airline that was kept afloat using taxpayer funds.
The Air India strategic disinvestment transaction has been completed today with the government receiving about $360 million in equity and Tata taking over more than $2 billion of Air India's debt, the finance ministry said in a statement.
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