Tata Sons Acquires Air India For Rs. 18,000 Crore | Read

Tata Sons has won the bid to acquire national carrier Air India. The salt-to-software conglomerate placed a winning bid of Rs. 18,000 crore re-acquire the airline more than half a century after it ceded control to the government. Apart from 100 per cent stake in Air India and its low-cost arm, Air India Express, the winning bid also includes a 50 per cent stake in ground-handling company Air India SATS Airport Services Private Limited (AISATS).