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Air India lenders offer ₹35,000 cr in loan to Tata-promoted Talace
According to a report in the Economic Times, the lender of Air India has provided Rs 35,000 crore to Talace promoted by the sons of Tata. As Talace won the bid for Air India, it invited the airline’s existing lenders to provide a one-year general loan of Rs 23,000 crore. The weighted average rate of return is 4.25%.
“Considering that the loan is unrated and unsecured, but priced close to sovereignty, this is an overwhelming response,” an executive from one of the lenders told the Economic Times. Commercial banks including the State Bank of India, Bank of Baroda, Union Bank of India and Punjab National Bank have approved credit lines ranging from 12,000 crore to 3,000 crore.
Talace bid 18,000 crore when it won the bid. Tata will pay 2,700 crore in cash and will assume 15,300 crore debts of the airline. According to the report, as of August 31, Air India’s total debt was 61,560 crore. Tata may notify lenders about the distribution in the first week of January.
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According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”
%20(1).jpg "According to Kangana Ranaut, she and Shah Rukh Khan represent the final generation of stars. “Stars nahin ban rahe hain OTT pe”")
Kangana Ranaut has denied speculations about joining politics solely due to the box office failure of her films.
Kangana Ranaut, the BJP’s Lok Sabha candidate from Mandi for the 2024 elections, expressed gratitude towards Prime Minister Narendra Modi for her political entrance. In an interview with Times Now, she questioned whether she joined politics due to her movies’ poor box office performance, comparing it to Shah Rukh Khan’s previous unsuccessful films.
Reacting to her films’ box office failure, Kangana Ranaut
Kangana responded to a question about her career, stating that she has never had a flop. She compared Shah Rukh Khan’s films to Pathaan, Queen, and Manikarnika, noting that if she had a flop in Emergency, it would be a big hit. Kangana compared her career to Shah Rukh Khan, who had consecutive flops for ten years. She also mentioned that she had not had a single hit for 7-8 years before Queen, but after that, she had a few good movies.
No stars from OTT?
The last generation of stars, known for their talent and demand, are now able to showcase their talents more through OTT. However, the author expresses a desire to involve themselves more with the real world, rather than being consumed by the arts, stating that they are not satisfied with the current status quo.
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