Tatas to take over, operate Air India by Jan 23, 2022

Tatas have to take control and start running AI, AI Express and AI-SATS (in which 50% stake is with the new owners) latest by January 23, 2022 — the “long stop date” as per the share purchase agreement signed with the government last month. “If there is a delay in fulfilling conditions precedent (CP) requirements or disagreement on the closing balance sheet, the long stop date can be extended with mutual consent of both the parties,” sources said.

from Times of India https://ift.tt/3mR9grS
Tatas have to take control and start running AI, AI Express and AI-SATS (in which 50% stake is with the new owners) latest by January 23, 2022 — the “long stop date” as per the share purchase agreement signed with the government last month. “If there is a delay in fulfilling conditions precedent (CP) requirements or disagreement on the closing balance sheet, the long stop date can be extended with mutual consent of both the parties,” sources said. https://ift.tt/eA8V8J November 08, 2021 at 02:52AM https://ift.tt/2hJjhqE