Tata Group may ask for indemnity clause in Air India privatisation deal
The Tata Group may ask for an indemnity clause in the Air India privatisation deal in order to protect itself from unexpected claims even as it intensifies due diligence on the government-owned airline. Tata Group officials said requesting an indemnity clause to be inserted in the final transaction contract is expected given the possible risks arising from recent claims filed by Devas Multimedia and Cairn Energy, seeking to seize Air India’s overseas assets.
