Govt signs share purchase agreement with Tata Sons for Rs 18,000-cr Air India sale

On Monday, the central government signed a share purchase agreement with Tata Sons for sale of Air India for Rs 18,000 crore.

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore.

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.