Financial bids received for the disinvestment of Air India; Tata among suitors
The government on Wednesday said it has received several financial bids to buy national carrier Air India. Meanwhile, a Tata Sons spokesperson told PTI that he has bid for the airline.
DIPAM Secretary Tuhin Kanta Pandey tweeted, “Financial bids for Air India disinvestment received by the Transaction Advisor. The process is now in the final stage.”
The government is seeking to sell its 100 per cent stake in the state-owned national airline, including Air India’s 100 per cent stake in AI Express Ltd and 50 per cent stake in Air India SATS Airport Services Pvt Ltd.
The stake sale process that began in January 2020 faced delays due to the COVID-19 pandemic. In April 2021, the government asked potential bidders to make financial bids.
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