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Motilal Oswal Report
M/S Talace Pvt. Ltd. a wholly owned subsidiary of Tata Sons won bidding for Government of India's stake in Air India, Air India Express and Air India SATS Airport Services Private Ltd. (on ground airport services and cargo handling).
Tata Sons will have management control of these assets.
The transaction doesn’t include non-core assets (land and building) d at Rs 147.2 billion and will be transferred to Air India Assets Holding Ltd.
Government will receive Rs 27 billion in cash (15%) and remaining Rs 153 billion will be debt (85%).
Reserve Enterprise set by the government was Rs 129.1 billion.
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