The deal with a consideration worth Rs 262 crore is expected to be closed on December 2, 2022.

New Delhi [India] September 12 (ANI): The Delhi High Court on Monday extended the interim protection of Ajay Singh, Promoter and Managing Director of Spicejet, in an alleged cheating case, till November 29, 2022.

New Delhi [India], August 31 (ANI): The Supreme Court has issued a notice to the Uttar Pradesh government on various petitions filed by the Landmark Group and members of the Dalmia family.

New Delhi [India], March 22 (ANI): The government has received multiple Expressions of Interest (EoIs) for privatisation of Bharat Petroleum Corporation Limited (BPCL), and the transaction is in the second stage of the process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.

New Delhi Oct 25 PTI The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18000 crore Earlier this month the government had accepted an offer by Talace Pvt Ltd a unit of the holding company of the salt-to-software conglomerate to pay Rs 2700 crore cash and take over Rs 15300 crore of the airlines debt Following that on October 11 a Letter of Intent LoI was issued to the Tata Group confirming the governments willingness to sell its 100 per cent stake in the airline Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India Department of Investment and Public Asset Management DIPAM Secretary Tuhin Kanta Pandey tweeted The deal also includes the sale of Air India Express and ground handling arm AISATS Tatas beat the Rs 15100-crore offer by a consortium led by SpiceJet promoter Ajay Singh and the reserve price of Rs 12906 crore set by the government for the sale of its 100 per cent stake in the loss-making carrier While this will be the first privatisation since 2003-04 Air India will be the third airline brand in the Tatas stable -- it holds a majority interest in AirAsia India and Vistara a joint venture with Singapore Airlines Ltd PTI JD ABM ABM