SpiceJet promoter Ajay Singh joins Ankur Bhatia to bid for Air India; Ras Al Khaimah also in consortium
SpiceJet NSE 1.67 % promoter Ajay Singh has partnered with Ras Al Khaimah Investment Authority and Ankur Bhatia, promoter of Delhi-based Bird Group, to bid for a 100% stake in the national carrier Air India.
Sources said both Singh and Bhatia have bid in their personal capacity. “They are likely to together hold a majority stake in Air India, if they get the airline,” said a person close to the development, who did not want to be identified. ET was the first to report last month that Singh along with two other investors have shown interest in Air India.
