Govt says reports on AI bid incorrect

October 01, 2021 14:14

The GoI's Department of Investment and Public Asset Management, says media reports indicating approval of financial bids by the Government of India in the Air India disinvestment case are incorrect.

Media will be informed of the government decision as and when it is taken, the statement said.

The statement is with reference to reports this morning that Tata Sons Pvt. is set to take over ailing Air India Ltd. again.

Tata Group and SpiceJet chairman Ajay Singh in his private capacity had bid for debt-laden state-run airline Air India earlier this month.

In December 2020, the government had invited expression of interest for the divestment of Air India. Four bidders had entered the race to take over the beleaguered airline, but Tata Group and Spicejet CEO Ajay Singh were the only ones to make it to the final stage.

This has been the second attempt by the PM Modi-led government to sell Air India.

« Back to LIVE

TOP STORIES

IPL PIX: KKR down SunRisers Hyderabad to storm into final

IMAGES from the IPL 2024 Qualifier 1 played between SunRisers Hyderabad and Kolkata Knight Riders in Ahmedabad, on Tuesday.

UK flyer dead, many hurt as turbulence hits SIA flight; Indians safe

The airline confirmed that there were injuries onboard, and stated that all "possible assistance" will be provided to the passengers on the aircraft.

Lost 10 of family in tragedy, will haunt always: Cgarh accident survivor

Jodhiram Dhurve said he will never be able to forget the accident as he has lost 10 members of his family.

Buttler, Curran back ECB for pulling players out of IPL

England players returned home even before the completion of the IPL's league stage on Sunday.

Awaiting Pak handler's instructions, 4 IS men tell cops

All they have said so far is that their handler was going to inform them about the exact location and time of the target after they collected the weapons," he said.