Tata Sons, SpiceJet promoter bid for Air India
As Wednesday was the last day for putting in the financial bid to buy Air India, the Department of Investment and Public Asset Management is taking the process to the next stage. Tata sons, SpiceJet chairman Ajay Singh are among the bidders, reports confirmed.
“Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage,” the secretary, Department of Investment and Public Asset Management, said on Twitter.
The Centre has been trying to find a buyer for Air India and earlier the government was up for selling a 76% stake. Now, the Centre is selling 100% stake of Air India.
