Tata to Air India and Back: Analysing the Disinvestment Process
[Medha Nagpal and Anushka Agarwal are 5th-year students at Jindal Global Law University, Sonipat] The quest to privatize Air India has come to an end with its takeover by Talace Private Limited, a wholly-owned subsidiary of Tata Sons (“Talace”) after years of unsuccessful attempts. The third and final attempt to disinvest the national carrier airline was completed with the sale of 100% equity shares of Air India and Air India Express in addition to a 50% stake in Air India an