Mumbai\/New Delhi: Tata Group and SpiceJet promoter Ajay Singh have been shortlisted for the bid to buy out Air India, people familiar with the development have told TOI.
\nThe two will now have to submit their financial bids after completing due diligence on the national carrier\u2019s books, agreements and liabilities, report Reeba Zachariah and Saurabh Sinha.
\nIn their financial bids, the parties have to state the quantum of AI\u2019s debt they will be willing to take up and the upfront payment they will make for the asset. Whoever quotes the highest economic value for AI will be the winner of the bid.
\nAt least 15% of AI\u2019s enterprise value has to be paid in cash and the balance can be taken as debt. AI has a debt of over Rs 90,000 crore. It is estimated that the national carrier would report a Rs 10,000 crore loss this fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai\/New Delhi: Tata Group and SpiceJet promoter Ajay Singh have been shortlisted for the bid to buy out Air India, people familiar with the development have told TOI. The two will now have to submit their financial bids after completing due diligence on the national carrier\u2019s books, agreements and liabilities, report Reeba Zachariah and Saurabh Sinha. In their financial bids, the parties have to state the quantum of AI\u2019s debt they will be willing to take up and the upfront payment they will make for the asset. Whoever quotes the highest economic value for AI will be the winner of […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-406491","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=406491"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406491\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}