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Tata Sons winner of Air India bid? Govt says no decision taken as yet

DIPAM Secretary, in a tweet, said the government has so far not approved the financial bids for Air India

Air India
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Air India had accumulated losses of more than Rs 70,000 crore as of March 31, 2020

Reuters New Delhi
Tata Sons has been selected as the winning bidder for the debt-laden state-run airline Air India, Bloomberg reported.

A panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India's airline operator Spicejet Ltd, the report said.

A spokesperson for Tata Sons declined to comment. A finance ministry spokesperson did not immediately respond to a Reuters message seeking comment, while Air India declined to comment.

However, Tuhin Kanta Pandey, Secretary to the Department of Investment and Public Asset Management (DIPAM), the government department responsible for privatisation, in a

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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