Tata Sons, Ajay Singh submit financial bids for Air India, as per sources
A subsidiary of Tata Sons, Talace Pvt Ltd, and SpiceJet promoter Ajay Singh have officially bid for Air India, paving the way for the government to fully exit the loss-making national carrier.
The national carrier and its subsidiary Air India Express may have together been valued in the range of ?15,000-20,000 crore by Tata, according to people familiar with the bidding process.
