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Tata regains Air India control in privatization victory for Modi

197.00 Pound £
Published date: May 25, 2025
  • Location: 21776, Wanna, North and West Moreton, India
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 privatization push. The auto-to-steel conglomerate in October won the bid website to take over Air India in a $2. Should you beloved this informative article and also you want to get more information about สล็อตเว็บตรง generously go to our web-site. 4 billion equity and debt deal, ending years of struggle to privatize 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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