2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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September 30th
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October 2nd
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October 30th
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November 30th
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Detailed explanation-1: -The transaction is estimated to be completed by March 2024. On this occasion, Mr N Chandrasekaran, Chairman, Tata Sons said: “The merger of Vistara and Air India is an important milestone in our journey to make Air India a truly world-class airline.
Detailed explanation-2: -The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18, 000 crore.
Detailed explanation-3: -A panel of ministers accepted a proposal from bureaucrats, who recommended the Tata Group’s bid of Rs 18, 000 crore over an offer from a consortium led by entrepreneur and Spicejet boss Ajay Singh.
Detailed explanation-4: -The DIPAM secretary said Tatas’ bid of ₹18, 000 crore comprises taking over of 15, 300 crore of debt and paying the rest in cash.