Talace Private Limited: Know about Tata Sons' subsidiary which has bought Air India

Talace Private Limited, a subsidiary of Tata Sons, won bid for acquiring India's national carrier, Air India. news was confirmed by Aviation Ministry and DIPAM Secretary at a cabinet briefing on Friday. Tata Sons re-acquired Air India after 65 years with a winning bid of ₹ 18,000 crores.

Seven bids were me in total, but only two met criteria; one from Tata Sons and or from Ajay Singh, promoter of SpiceJet. After Tata Sons wins  bid, y will also require to take on Rs 15,300 crore of Air India's debt. After Tata Sons successfully won bid via ir subsidiary, here is a look at more information on Talace Private Limited.

About Talace Private Limited 

Talace Private Limited is a private limited company that was incorporated on 12 August 2020. company is registered at Registrar of Companies in Mumbai and has an authorised share capital of Rs. 502,500,000 according to reports. It also reportedly has a paid-up capital, summing up to Rs. 252,000,000. Directors of Talace Private Limited are Eruch Noshir Kapia, Saurabh Mahesh Agrawal and Nipun Aggarwal.

'Welcome back Air India': Ratan Tata reacts to news

Former Tata Sons chairman Ratan Tata took to Twitter to react to news that Tata Group won bid to acquire Air India. Ratan Tata wrote,

" Tata Group winning bid for Air India is great news! While mittedly it will take considerable effort to rebuild Air India, it will hopefully provide a very strong market opportunity to Tata Group's presence in aviation industry.

On an emotional note, Air India, under leership of Mr J.R.D. Tata h, at one time, gained reputation of being one of most prestigious airlines in world. Tatas will have opportunity of regaining image and reputation it enjoyed in earlier years.  J.R.D. Tata would have been overjoyed if he was in our midst today.

We also need to recognize and thank government for its recent policy of opening select industries to private sector.

Welcome back,  Air India!"

Image: PTI