'The Maharaja,' 69 years after it was nationalised, has finally returned to the Tata Group. The flagship national carrier was officially handed over to the Tata Group, India's largest conglomerate. The move represents a significant homecoming for the debt-ridden airline, and the divestment is a significant victory for Modi's government. Tatas assumes a debt of 15,300 crores; the Union Government receives a cash payment of 2,700 crores from the sale of Air India.
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