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Air India goes back to Tata’s. Government announces the winning bidder for Air India is Tata Sons

Posted : 09 October 2021 07:52:57 | By TWO Bureau | GNN Bureau

Air India goes back to Tata’s.   Government announces the winning bidder for Air India is Tata Sons

Tata Sons, the highest bidder of INR 18,000 crore, has been selected as the winning bidder for the sale of Air India. The government has been trying to sell the debt-laden national carrier Air India for a long time.  Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said, that a panel of union ministers accepted the proposal from Talace. The officials recommending the offer made by Talace Pvt Ltd, a wholly-owned subsidiary of TATA Sons with EV quote of INR 18,000 crore against the bid made by a consortium led by, Ajay Singh, CMD, SpiceJet of INR 15,100 crore.

Tuhin K Pandey also said that the TATA Sons is free merge their existing airline, Air Asia India with Air India and even Vistara, where they also hold majority shares.



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Tags : #Air India, # Disinvestment, # Sale of Air India, # Tata sons,


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