With the transfer of shares of Air India Limited to Talace Private Limited, the Air India divestment deal stands closed. We at Link Legal are pleased to have advised Air India Limited, the national carrier of India on this transaction.
The Government of India has pursuant to this divestment process transferred its entire stake in Air India Limited, Air India Express and Air India SATS Airport Services Private Limited (AISATS) to Tata Sons through a competitive tendering process.
The Firm assisted Air India and its subsidiaries in undertaking a comprehensive vendor due diligence on material contracts, pending litigation and human resources matters of Air India and its subsidiaries for the benefit of the prospective bidders interested in acquiring the GoI stake. We wish to take this opportunity to thank the entire management of Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited for the cooperation they extended to us to successfully close this mammoth due diligence. Link Legal also congratulates Tata Group on this prized acquisition.
The team from Link Legal was led by Nusrat Hassan (Co-Managing Partner), Anand Srivastava, Anuj Trivedi, Milind Jha, SANJAY GUPTA and Bhalchandra Palav (Partners) who were supported by Rajan Dubey, Aditya Bhardwaj and Neha Singh (Associate Partners).