Air India’s disinvestment process has moved into the final stages, with Tata Sons and SpiceJet promoter Ajay Singh having submitted their final bids to acquire 100% stake in the national airline.
The stake sale includes Air India’s 100% shareholding in AI Express Ltd and 50% in Air India SATS Airport Services Private Ltd. “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage,” Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said in a tweet.
The government had in January last year invited submission of expressions of interest (EoIs) for full stake in Air India,
