InvestorQ : How much will Tatas end up paying for the stake in Air India to the government of India?
Arya Nanda made post

How much will Tatas end up paying for the stake in Air India to the government of India?

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Anjana Aiyar answered.
2 months ago
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Tata Sons will pay Rs.18,000 crore or approximately $2.4 billion to buy a 100% stake in Air India. This deal will also include a 100% stake in the budget arm Air India Express as well as 50% stake in the joint venture that provides airport services in association with SATS of Singapore. For the government, it relieves them from foot a huge bill of $3 million a day to run. Tatas take over 33% of the debt or around Rs.22,000 crore out of Rs.64,000 crore.

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