Government Approves Air India Disinvestment Tatasons’ SPV – Talace Pvt Ltd - Wins Bid for Air India
Publication Date:
Oct 08, 2021
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On 8 October 2021, India’s Cabinet approved the sale of 100% equity in Air India to Talace Pvt Ltd, a Tata Sons subsidiary, for an Enterprise Value of ₹18,000 crore.
The bid includes Air India’s stakes in AIXL and AISATS but excludes non-core assets (worth ₹14,718 crore) retained by the government’s Air India Asset Holding Ltd. The disinvestment process began in 2017, was restructured in 2020 to attract bidders, and saw two qualifying bids. Talace outbid a consortium led by Ajay Singh.
The transparent, multi-layered process involved extensive due diligence, bidder engagement, and valuation review. Transaction completion was expected by December 2021.
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