Tata Sons, government in advanced talks for Air india bid: Report
In the run up to placing bids for debt-ridden Air India, Tata Sons Ltd, Tata Sons and the Government seem to have reached an agreement.
Final talks between the two are underway and a bid may be submitted as early as this month, people in the know of the developments told Mint.
Both sides have held discussions and come to an understanding over the Air India’s real estate assets, including staff quarters and residential colonies, one of the sources told the publication.
Most of Air India’s real estate assets have been transferred to Air India Assets Holding Ltd in 2019 as part of the disinvestment process, the report said.
