te CCI approves acquisition of shareholding in Air India, Air India Express and Air India SATS Airport Services by Talace Private Limited | Zee Business

CCI approves acquisition of shareholding in Air India, Air India Express and Air India SATS Airport Services by Talace Private Limited

The Competition Commission of India (CCI) has approved acquisition of shareholding in Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited by Talace Private Limited.

CCI approves acquisition of shareholding in Air India, Air India Express and Air India SATS Airport Services by Talace Private Limited
Talace is a wholly owned subsidiary of Tata Sons. Pic: Reuters

The Competition Commission of India (CCI) has approved acquisition of shareholding in Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited by Talace Private Limited.

The proposed combination envisages acquisition of 100% equity share capital of Air India Limited (Air India) and Air India Express Limited (AIXL), and 50% equity share capital of Air India SATS Airport Services Private Limited (AISATS) by Talace Private Limited (Talace).

Talace is a wholly owned subsidiary of Tata Sons. 

Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India (RBI) and classified as a “Systemically Important Non-Deposit Taking Core Investment Company”.

Written By: Ambarish Pandey
Edited By: ZeeBiz WebTeam
Updated: Mon, Dec 20, 2021
06:49 pm
ZeeBiz WebDesk
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