Lagatar24 Desk
The government has denied media reports that Tata Group has won the bid for the debt-laden Air India. The government has said that the media reports regarding this are not correct, nothing has been decided yet. Whenever there is some decision regarding this, information will be given to the media.
Department of Investment and Public Asset Management (DIPAM) secretary tweeted that “Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the government’s decision as when it is taken”.
Earlier, a Bloomberg report claimed that the government has accepted Tata Sons’ offer to buy Air India. The government had called a tender to sell the entire 100% stake in Air India. The government will also sell 50% stake in Air India’s second company Air India SATS (AISATS).
Tata Group and SpiceJet chairman Ajay Singh in his private capacity had bid for the embattled state-run Air India earlier this month. Four bidders had entered the race to take over the airline, but Tata Group and SpiceJet CEO Ajay Singh were the only ones to make it to the final stage.
