Tuesday, September 27, 2022
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Tata Group’s Air India finally bought the government company by bidding 18000 crores

The brand new proprietor of Air India was introduced by the federal government on Friday. On behalf of the federal government, Secretary, Division of Disinvestment, Tuhin Kant Pandey and Secretary, Ministry of Civil Aviation, Rajiv Bansal gave this data in a press convention. Aside from Tata Sons, SpiceJet’s Ajay Singh-led consortium was additionally within the race for Air India.

In accordance with the knowledge obtained, Tata Sons made a bid of Rs 18,000 crore for Air India. On this race, SpiceJet’s Ajay Singh’s consortium made a bid of Rs 15,100 crore. Thus the Tata group took over the possession of Air India by bidding greater than Rs 2,900 crore.

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