Tata Group Completes the Takeover of Air India

After about 69 years, India's leading aviation company Air India can come back to Tata Group. Officials said on Wednesday that all the formalities are almost near completion. Air India is likely to be handed over to the Tata Group on Thursday. 

Central government-owned airline Air India can be handed over to Tata Group on Thursday. After taking the airline from the Tata group about 69 years ago, it is now being handed back to the Tata group again. Officials gave this information on Wednesday. 

The government sold Air India to Tales Private Limited for Rs 18,000 crore on October 8 after a competitive bidding process. It is a subsidiary unit of the holding company of Tata Group. Officials said on Wednesday that all the formalities are almost near completion.