India News | Financial Bids Received for Air India Disinvestment; Tatas Among Suitors
Get latest articles and stories on India at LatestLY. The government on Wednesday said it has received multiple financial bids for buying national carrier Air India.
New Delhi, Sep 15 (PTI) The government on Wednesday said it has received multiple financial bids for buying national carrier Air India.
Meanwhile, a Tata Sons spokesperson told PTI that it has put in a bid for the airline.
Also Read | Indian Researchers Discover New Species of Hybodont Shark From Jurassics of Rajasthan's Jaisalmer.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.
Also Read | COVID-19 Vaccination In Uttar Pradesh Crosses 9 Crore-Mark.
The stake sale process, which begun on January 2020, faced delays due to the COVID-19 pandemic. In April 2021, the government asked potential bidders to put in financial bids.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)