Centre denies approving Air India bids as rumours start on Tata Sons winning bid
The Union government has not given its final approval to Air India’s financial bids, the department of investment and public asset management said on Friday after reports that Tata Sons had won the financial bid for the national carrier.
“Media reports indicating approval of financial bids by Government of India in the AI (Air India) disinvestment case are incorrect. Media will be informed of the Government’s decision as and when it is taken,” Tuhan Kanta Pandey, secretary, DIPAM tweeted.
Senior Ministry of Civil Aviation (MoCA) officials told Hindustan Times that the process of opening the bid is being done and it is between four top airlines and ministry officials only. “Such big developments cannot be based upon sourced information.
