Final bids for Air India disinvestment today, Tata group also in race

final bids for air india disinvestment today tata group also in race

Sumary of Final bids for Air India disinvestment today, Tata group also in race:

  • NEW DELHI: The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as aviation minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change.
  • “We are very optimistic that this time Air India will get a new bidder,” a government source said on the condition of anonymity.
  • Air India is laden with a huge debt of around Rs 43,000 crore of which Rs 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL).
  • The government declined to share any details on expectations from the sale of Air India.
  • The Centre is planning to sell a 100 per cent stake in the airline and its low-cost subsidiary Air India Express.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close