Tata Sons — the holding company of India’s largest conglomerate — on Wednesday submitted a financial bid to acquire loss-making state airline Air India.
Tuhin Kanta Pandey, secretary of the department that is running the privatisation process, tweeted of financial “bids” being received but did not say how many companies were in fray.
A Tata Sons spokesperson confirmed to PTI that the group has put in a bid for the national carrier.
No-frills airline SpiceJet’s Ajay Singh was considered to be another interested party in buying out the debt-laden airline. He did not respond to messages sent seeking confirmation if he had in his individual capacity put in a bid.
