The Centre has signed the Sales and Purchase Agreement (SPA) with Tata for the privatisation of Air India.
The SPA with Tata Sons has been signed, DIPAM Secretary Tuhin Kanta Pandey said.
After signing of the SPA, Conditions Precedent (CP) will be completed in about eight weeks.
Meanwhile, the government will prepare financial statement of the national carrier.
It will be completed before the cut-off date to hand over the airline to Tata’s.
The transaction would be completed by December end.
Talace Pvt Ltd had emerged as the successful bidder to buyout govt’s shareholding in AI
