Correct Answer : Option (D) - Tata Group
The Union government officially handed over "Air India" to the Tata Group on Thursday(27th January 2022), nearly 69 years after it was taken from the Mumbai-based conglomerate. The handover took place at the airline's headquarters. Tata Sons chairman "N Chandrasekharan" said the group is very happy to have Air India back in its fold, after beating a consortium led by rival SpiceJet promoter to win the bid for the national carrier in October last year.
N Chandrasekaran, Chairman of Tata Sons, first called on Prime Minister Narendra Modi before heading to the Air India office where the takeover formalities were completed. A new board of directors met shortly thereafter, formalising the management takeover.
Speaking to reporters, Chandrasekharan said, "We are totally delighted that the takeover process of Air India is complete." "We are very happy to have Air India back in the Tata Group. We look forward to working with everyone to create a world-class airline," he added.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told reporters that Air India has been handed over to Talace Private Limited — a subsidiary of the Tata Group's holding company — which is the successful bidder. The complete payment of Rs 2,700 crore has been received by the government and it has transferred the shares, according to Tuhin Kanta Pandey. The entire debt of Rs 15,300 crore has also been accepted by the Tatas. All the processes are complete, he added.
The entire nation's eyes are on the Tata Group and Air India waiting to see what they will achieve together, Tata Sons Chairman N Chandrasekaran told the carrier's employees in his first communique after taking over the airline.
With the new owner shelling out Rs 18,000 crore
for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore
cash and take over Rs 15,300 crore
of the airline's debt. The deal also includes sale of Air India Express and ground handling arm AISATS.Source : The News Minute