Government issues LoI to Tatas for sale of Air India
The Hindu
Tatas now have to accept the LoI, post which the Share Purchase Agreement will be signed
The government on Monday issued a letter of intent (LoI) confirming the , 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 ₹2,700 crore in cash and takeover ₹15,300 crore of the airline's debt.
Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100% stake in the airline.
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