Selloff: Financial bids for Air India by September 15
NEW DELHI: Air India divestment has entered its final, and most crucial, phase with qualified bidders expected to put in financial bids by September 15. The Tata Group, which founded the airline in 1932, and struggling-to-survive SpiceJet NSE 0.43 % promoter Ajay Singh are among the qualified suitors.
The Tata Group has bid for AI through AirAsia India and its executives have been visiting the airline sites across India in the past few months.
