Financial bids received for Air India disinvestment; Tatas among suitors

This picture has been used for representational purpose

The government has 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. "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. 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.

Also Read: Chhattisgarh: Delhi-bound Air India flight abandons take off after bird-hit at Raipur airport

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.