Tata Sons emerge as the highest bidder for Air India
By IANS | Published: October 8, 2021 04:54 PM2021-10-08T16:54:03+5:302021-10-08T17:18:48+5:30
New Delhi, Oct 8 The Centre on Friday declared Tata Sons' subsidiary Talace as the highest bidder for national ...
Tata Sons emerge as the highest bidder for Air India
New Delhi, Oct 8 The Centre on Friday declared Tata Sons' subsidiary Talace as the highest bidder for national carrier Air India under the divestment process.
The Tatas' subsidiary quoted Rs 18,000 crore of enterprise value for Air India, Divestment Secretary Tuhin Kanta Pandey announced.
There were only two bidders in the final stage of divestment.
Besides, the Tatas' subsidiary, the second bidding entity was a consortium led by industrialist Ajay Singh.
Notably, conglomerate Tata Sons was touted to be the front-runner to get hold of the carrier.
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Tata Sons wins the bid for acquiring national carrier Air India pic.twitter.com/XgAW5YBQMj
— ANI (@ANI) October 8, 2021
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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