The Tata Group, the winning bidder in the Air India Limited divestment process, and the central government signed a share price agreement (SPA) for the sale of the national carrier. The SPA, which is a legal contract between the seller and the buyer, was signed at the Department of Investment and Public Asset Management. Tata group holding company Tata Sons Private Limited, through its wholly owned unit Talace Private Limited, submitted a bid of Rs 180 billion as the enterprise value of Air India, against a reserve price of Rs 129.06 billion.
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