Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

In one of the largest privatisation drive over the past two decades, the government on Friday sold Air India to the Tata Group for an enterprise value of Rs 18,000 crore.

In what experts termed a win-win transaction, Tata Sons, which operates two airlines Vistara and AirAsia India, will become the second-largest airline in domestic market with around a 25 per cent market share while becoming the largest Indian airline on international routes.

The second contestant, the consortium led by SpiceJet Chairman Ajay Singh, had placed a bid of Rs 15,100 crore for the airline.

Airline stocks