"Delighted It's Back": Tata Group Takes Over Air India After 69 Years

In October last year, the government had sold Air India to Talace Private Limited -- a subsidiary of the Tata group's holding company -- for Rs 18,000 crore. After that, a Letter of Intent (LoI) was issued to the Tata group confirming the government's willingness to sell its 100 per cent stake in the airline. Then, the Centre had signed the share purchase agreement (SPA) for this deal. As a part of the deal, the Tata group will a...