New Delhi: Tata Sons’ Rs 18,000-crore bid has been chosen as the winning bid by the panel of ministers for the sale of Air India, marking the carrier’s return to the Indian conglomerate after 68 years.
Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), announced on Friday that the Tata Group has placed a winning bid of Rs 18,000 crore for Air India. Tata Sons defeated the SpiceJet promoter’s bid to acquire the state-owned carrier.
Following this news, Twitterati cheered as many believed that Tata Sons would do justice to the airline started by JRD Tata in 1932. Ratan N Tata, Honorary Chairman of the Tata Group, welcomed the move and said, “Welcome back, Air India.”
Indian cricket commentator Harsh Bhogle said, “Excited to make #AirIndia proud. In good hands There are a lot of expectations from Tata. With you.”
SpiceJet founder Ajay Singh, who lost the bid to Tata, said in a statement, “I congratulate the Tata Group on winning the bid for Air India and wish them all the success.”
“… I am confident that the Tata Group will restore Air India’s pride and make India proud. They have put in place a transparent and flexible process and have given a new impetus to India’s disinvestment programme.” Speed limit on expressway to be increased to 140 km/h? Know what Gadkari has to say
Union Civil Aviation Minister Jyotiraditya Scindia also congratulated the Tata group on buying Air India. “I would like to congratulate the winning bidders, Tata Sons’ Tales Pvt Ltd. They have a huge responsibility. I am confident that they will be able to serve the people of the country with excellent service,” he told ANI. : Chief Economic Adviser Subramaniam resigns after 3 years in office
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