{"id":440993,"date":"2021-10-09T09:57:45","date_gmt":"2021-10-09T04:27:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440993"},"modified":"2021-10-09T10:15:23","modified_gmt":"2021-10-09T04:45:23","slug":"tata-sons-makes-winning-bid-of-rs-18000-cr-for-air-india-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-sons-makes-winning-bid-of-rs-18000-cr-for-air-india-govt\/","title":{"rendered":"Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt"},"content":{"rendered":"<p>Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering Rs 18,000 crore for acquiring 100 per cent shareholding, a senior government official said on Friday.<\/p>\n<p>An SPV of Tata Sons &#8211; the holding company of conglomerate &#8211; has emerged as successful bidder, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Management (DIPAM) &#8212; the government department responsible for privatisation &#8211; said.<\/p>\n<p>Tata Sons beat SpiceJet promoter to bag Air India.<\/p>\n<p>The DIPAM secretary said Tatas&#8217; bid of Rs 18,000 crore comprises taking over of 15,300 crore of debt and paying the rest in cash. Govt to get Rs 2,700 cr cash from Tatas for sale of its 100 pc stake, said DIPAM Secretary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering Rs 18,000 crore for acquiring 100 per cent shareholding, a senior government official said on Friday. An SPV of Tata Sons &#8211; the holding company of conglomerate &#8211; has emerged as successful bidder, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Management (DIPAM) &#8212; the government department responsible for privatisation &#8211; said. Tata Sons beat SpiceJet promoter to bag Air India. The DIPAM secretary said Tatas&#8217; bid of Rs 18,000 crore comprises taking over of 15,300 crore of debt and paying the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-440993","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440993","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=440993"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440993\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}