NEW DELHI: The Tata Group and SpiceJet promoter Ajay Singh (in his personal capacity) on Wednesday submitted financial bids for acquiring Air India.
A Tata Sons spokesperson confirmed this. Sources said Singh also did the same on the last day for submitting bids by qualified bidders.
While the government is keen on the new owners taking over by December, sources say the entire process may happen by the end of this fiscal.
In a tweet, the department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey said: “Financial bids for Air India disinvestment received by transaction adviser. Process now moves to concluding stage.”
