Air India formally handed over to Tata Group 2022

• The government of India officially handed over India’s flag carrier, Air India to the Tata Group on January 27, 2022, almost 69 years after acquiring the conglomerate. 

• The total value of the deal is Rs 18,000 crore (US$2.4 billion). 

• The strategic disinvestment transaction of Air India includes the transfer of a 100 per cent stake of GoI in Air India to Tata Sons, along with management control.