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
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