Photo: Business Standard
CCI Approves 100% Acquisition of Air India By New Owner Tata Company
The Competition Commission of India, on December 20, approved Tata Company to acquire 100% acquisition of Air India. CCI also gave green signal to acquire 50% shares of Air India SATS Airport services Pvt Ltd. After the highest bid of Rs 18,000 crore in Air India, Tata took over Air India in October. Meanwhile, the Tatas will pay Rs 2,700 crore and clear Rs 15,300 crore debt.
Tags: Air India, Tata Sons, CCI, Indian government, Air Lines
Courtesy: The Indian Express
