Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.
On Monday, the government issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to the Tata Group for Rs 18,000 crore, a senior official said.
New Delhi, October 11 (PTI): The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said.
Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt.