Lagatar24 Desk
New Delhi, Jan 27: After 69 years, Air India officially returned to back to its founder Tata Group on Thursday.
“The formalities have been completed. The Air India disinvestment process is closed. The shares have been transferred to Talace Pvt Ltd, which is the new owner of Air India,” said Tuhin Kant Pandey, Secretary, Department of Investment & Public Asset Management (DIPAM).
“A new Board, led by the Strategic Partner, takes charge of Air India,” he added.
“We’re totally delighted that this process is complete & happy to have Air India back in the Tata Group. We look forward to walking with everyone to create a world-class airline,” said Chairman of Tata Sons N Chandrasekharan after taking handover of Air India.
Tata Group takes over management and control of Air India, starting today pic.twitter.com/qKMNPlwmNk
— ANI (@ANI) January 27, 2022
Civil Aviation Minister Jyotiraditya Scindia said it is the disinvestment process of Air India has been brought to a successful conclusion in a time-bound manner.
Earlier in the day, N Chandrasekharan, Chairman of Tata Sons, met with Prime Minister Narendra Modi ahead of the official handover of Air India to the Tata Group. The photo of PM Modi and Tata chairman Ratan Tata was issued by the Prime Minister’s Office.
