As of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
Tatas cannot transfer Air India brand, logo for 5 years, can transfer to only Indian person after 5 years.
The international service was among the first public-private partnerships in India, with govt holding 49 pc, the Tatas keeping 25 pc and the public owning the rest.
"I have been in Dubai since...day before and I don't think there is any such decision that has happened at all,"
The association also said that Aarohi Pandit will taxi to the Tata Power hangar at the Juhu Aerodrome for a traditional water salute and reception.
Tata Sons, the holding company of Indian multinational conglomerate Tata Group, has won the bid to take control of Air India, reports claimed.
Supreme Court had on March 26 set aside the NCLAT order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group.
Tata Sons Pvt Ltd, the holding company of salt-to-software Tata Group, has raised about Rs 10,000 crore from selling close to 1 per cent holding in Tata Consultancy Services (TCS) in the IT firm's recently concluded share buyback.
Tata Sons tendered shares worth Rs 9,997 crore of Tata Consultancy Services (TCS) during the IT major's Rs 16,000 crore-buyback offer that concluded recently.
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for USD 37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing.
Tata Power on Thursday said it has received shareholders' approval to raise Rs 2,600 crore via issuance of preferential shares to its promoter Tata Sons.
Noel Tata, trustee and half-brother of Ratan Tata, may be inducted as Director on the board of Tata Sons. Reports say discussions on appointing Noel on board of Tata Sons have intensified, however, a final decision is yet to be made.
Tata Sons on Thursday bought shares worth a little over Rs 356 crore in Tata Motors DVR, Tata Power, and Tata Steel through open market transactions.
Emerging from the meeting which lasted for over 30 minutes, Chandrasekaran declined to comment on the details of his discussion.
The Tata Sons Chairman reflected upon multiple topics during the launch of his book "Bridgital Nation", written in collaboration with Roopa Purushothaman. He said 77 per cent of India's economy is informal, depriving workers in such a setup from earning a better salary.
Tata Sons Chairman N Chandrasekaran has joined the list of international leaders and personalities like Narendra Modi, Bill Gates, Richard Branson, Priyanka Chopra, Oprah Winfrey, and Sachin Tendulkar as a LinkedIn Influencer, the professional networking platform said on Monday.
The Supreme Court will hear on January 10 the petition by Tata Sons Private Ltd (TSPL) challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group.
Tata Sons Private Ltd (TSPL) preferred not to mention in the Supreme Court on Monday its petition challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group.
Cyrus Mistry on January 05 released a statement, saying that he is humbled by the NCLAT order and does not intend to pursue executive chairmanship of Tata Sons.
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