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Last-mile sprint gave wings to Tata Group's Air India takeover

The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle

Air India CMD Vikram Dev Dutt (left) welcomes Tata Sons Chairman Natarajan Chandrasekaran on his arrival at Air India office in New Delhi. Photo: PTI
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Air India CMD Vikram Dev Dutt (left) welcomes Tata Sons Chairman Natarajan Chandrasekaran on his arrival at Air India office in New Delhi (Photo: PTI)

Arindam MajumderAneesh Phadnis New Delhi | Mumbai
Tata Sons' Natarajan Chandrasekaran is an avid marathon runner. But what his firm has achieved in the past week with Air India takeover is nothing short of a 100-metre sprint.

Before Chandra, as he is fondly known in business circles, entered Airlines House on January 28 to bring the Maharaja home after seven decades, a team of 30 from Tata Sons and Air India finance wings and their consultants from Alvarez & Marsal burnt midnight oil for a week, sewing up accounts, ironing out disagreements, and subsequently signing on the dotted line.

“It was seven days of sleepless nights. It

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First Published: Jan 30 2022 | 10:22 PM IST

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