 "Air India")
Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr
The Centre will sell national carrier Air India to Tata Sons for Rs 18,000 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said. This would put an end to the government’s prolonged attempt to sell and turnaround the airline.
The sale would be at an enterprise value of Rs 18,000 crore, out of which Rs 15,300 crore would be the debt retained by the winning bidder. Tata Sons will pay Rs 2,700 crore in cash. Read more
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