Dikhyaa Mohanty 
Tata Sons, the holding company of Indian multinational conglomerate Tata Group, has won the bid to take control of national carrier Air India as per the official reports.
According to the official reports, the Committee of Ministers on the national carrier disinvestment headed by Home Minister Amit Shah has approved the winning bid for the national airline. An official announcement is expected in the coming days.
The report further added that that the government plans to complete the handover of the airlines to its new owners by December. Last week the government had evaluated financial bids received from Tata Group and Spice Jet founder for the acquisition of Air India. The financial bids were evaluated against an undisclosed reserve price and the bid offering the highest price above that benchmark was be accepted.
The Tatas have a long history with the national carrier. The Tata Group founded Air India as Tata Airlines in October 1932 and the government nationalised the airline in 1953. This marks the return of Air India to the Tata fold after 67 years.
The government is selling 100 per cent of its stake in the state-owned national airline, including Air India’s 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.
