Final bid for Air India disinvestment today; Tata group, SpiceJet in race
The Centre is expected to finalise the sale of Air India, with at least two buyers expected to submit financial bids by September 15. The civil aviation ministry had earlier clarified that it will not extend the deadline for stake sale.
News agency ANI reported that Tata Group and SpiceJet chairman Ajay Singh are expected to make its financial bid for the airline.
It quoted a government official to say that there is “optimism” that a bidder will be found. A similar exercise in 2018 to offload 76 per cent stake by the government was unsuccessful after no bidder was finalised.
