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Air India likely to be handed over to the Tatas today

After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited, a subsidiary of the Tata Group's holding company, for ₹18,000 crore - about ₹2,700 crore will be paid to the government and the rest will be Air India loans that the new entity will take.

from Industry-Economic Times
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