Tata Sons Pvt formally took charge of debt laden Air India Ltd., ending years of failed attempts to sell the money losing airline that has been kept a.
As a pandemic-ravaged 2021 draws to a close, India’s largest conglomerate will focus on four themes in the new year: digital, new energy, supply-chain resilience, and health.
Tata Sons Pvt., which emerged as the winning bidder for Air India at Rs 18,000 crore, will have to shell out a lot more to run the carrier.
“Right from day one, Tatas will have to bear Air India’s losses,” Tuhin Kanta Pandey, secretary at Department of Investment and Public Asset Management, told reporters on Friday after announcing the winning bidder for the airline.
Jul 29 2021, 12:10 PM
July 29 2021, 12:07 PM
July 29 2021, 12:10 PM
Panatone Finvest Ltd., a unit of Tata Sons Pvt., will acquire a controlling stake in Tejas Networks Ltd.The Tata company has signed an agreement to acquire 43.35% of Tejas for Rs 1,850 crore, triggering an open offer by Tata Sons to acquire shares of the telecom and broadband network products maker from the public, according to an exchange filing.As part of the agreement, Tejas will make a preferential allotment of 1.94 cro.
Panatone Finvest Ltd., a unit of Tata Sons Pvt., will acquire a controlling stake in Tejas Networks Ltd.
The Tata company has signed an agreement to acquire 43.35% of Tejas for Rs 1,850 crore, triggering an open offer by Tata Sons to acquire shares of the telecom and broadband network products maker from the public, according to an exchange filing.