Tata Group had emerged as the successful bidder of the divestment process of the national carrier Air India with a winning bid of Rs 18,000 crore as the enterprise value for the national carrier. The Tata Group's holding company, Tata Sons through its wholly-owned subsidiary Talace Pvt. Ltd. submitted the bid and after the acquisition, the Tatas will own a 100 per cent stake in Air India (a full-service airline operating in domestic and international markets) as also 100 per cent in its subsidiary Air India Express (a low-cost carrier airline which focusses on short-haul international operations especially in the Middle East market) and 50 per cent in the joint venture Air India SATS (airport services on ground and cargo handling).