Tag: Air India Disinvestment

On October 8, the Centre announced that Talace Private Limited, a wholly-owned subsidiary of Tata Sons, has beaten a consortium led by SpiceJet promoter Ajay Singh by offering Rs 18,000 crore to win the bid to acquire debt-laden Air India.

During the Budget speech for FY22, Finance Minister Nirmala Sitharaman had said that all the proposed privatisation processes would be completed by the end of the fiscal, including the much-delayed strategic disinvestment of Air India.

New Delhi: Civil Aviation Minister Hardeep Singh Puri on Thursday said the government was committed to “strategic disinvestment” of Air India due to “unsustainable debt burden” but promised that the national carrier will remain with an Indian entity. Responding to supplementaries during Question Hour in the Lok Sabha, Puri also said that though Air India […]

New Delhi: The government on Monday announced the sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment with the deadline for submitting an expression of interest set as March 17. As part of the strategic disinvestment, Air India would also sell 100 per […]