Competition Commission of India approves acquisition of Air India stake by Tata sons
The Competition Commission of India has approved acquisition of shareholding in Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited by Talace Private Limited.
The proposed combination envisages acquisition of 100 per cent equity share capital of Air India Limited and Air India Express Limited, and 50 percent equity share capital of Air India SATS Airport Services Private Limited by Talace Private Limited. Talace is a wholly-owned subsidiary of Tata Sons.
In October this year, the Government approved Air India disinvestment. The government had announced that Talace Private Limited a wholly-owned subsidiary of Tata Sons had won the bid to acquire the debt-laden airline.