Tata Sons emerges top bidder for Air India

[NiranjanGaaru]

54 minutes ago, shamsher_007 said:

8k cr aaa?

r u sure abt this?

not nammable, @NiranjanGaaru baa ,is it true?

Naaku nammable ba.... 

How r u shamsher ba? 

[Kool_SRG]

Air India divestment: Piyush Goyal reiterates no final call yet on winning bid

• Air India, unprofitable since a merger with the erstwhile state-run Indian Airlines in 2007-08, had accumulated losses of as much as ₹70,820 crore as of 31 March 2020

DUBAI: Commerce and industry minister Piyush Goyal on Saturday reiterated that the Indian government was yet to take a final call on financial bids for Air India divestment, denying media reports that Tata Sons has been declared the winner.

"I don't think there's any such decision that has happened at all. Of course bids were invited. 15 September was the last day bidding date. They will be assessed by officers and in due course of time as is the well laid out process through which the final bidder will be selected," Goyal said while interacting with media at the India Consulate in Dubai.

News agency Bloomberg on Friday had reported that Tata Group has won the bid for Air India.

Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey had denied the reports.

"Media reports indicating approval of financial bids by (the) Government of India in the AI (Air India) disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken," Pandey said on social media platform Twitter.

A panel of ministers accepted a proposal from bureaucrats, who recommended the conglomerate’s bid ahead of an offer from entrepreneur Ajay Singh, Bloomberg had reported, quoting anonymous sources, who added that an official announcement is expected in coming days.

Tata Sons, and Ajay Singh, the chairman and managing director of SpiceJet Ltd, had in his personal capacity placed financial bids for the airline.

Air India, unprofitable since a merger with the erstwhile state-run Indian Airlines in 2007-08, had accumulated losses of as much as ₹70,820 crore ( ₹708.2 billion) till 31 March 2020, according to the latest available data.

[Kool_SRG]

Reports Of Tata Sons Winning Air India-Bid 'Incorrect': DIPAM Sec

It added that the media would be apprised of the development pertaining to the disinvestment and when it is finalized.

 

Secretary of Department of Investment and Public Asset Management (DIPAM) clarified on Twitter that media reports claiming Tata Sons has won the bid for the national carrier Air India are 'incorrect'.  He added that the media would be apprised of the development pertaining to the disinvestment as and when it is finalized. 

Multiple media reports on Friday have been claiming that Tata Sons had emerged as the winning bidder for the national carrier. 

The Union Government has been trying to sell the debt-laden national carrier which has been kept afloat with multiple bailout packages since 2012. 

 

 

 

[Ryzen_renoir]

15 minutes ago, Kool_SRG said:

Reports Of Tata Sons Winning Air India-Bid 'Incorrect': DIPAM Sec

It added that the media would be apprised of the development pertaining to the disinvestment and when it is finalized.

 

Secretary of Department of Investment and Public Asset Management (DIPAM) clarified on Twitter that media reports claiming Tata Sons has won the bid for the national carrier Air India are 'incorrect'.  He added that the media would be apprised of the development pertaining to the disinvestment as and when it is finalized. 

Multiple media reports on Friday have been claiming that Tata Sons had emerged as the winning bidder for the national carrier. 

The Union Government has been trying to sell the debt-laden national carrier which has been kept afloat with multiple bailout packages since 2012. 

 

 

 

Oops premature celebrations  , is Adani airlines around the corner ?  

I was looking around for financials details about the deal and couldn't find any

This leak was to guage the mood of the public regarding privitisation , so far public were overwhelmingly positive about Tata takeover 

[Ryzen_renoir]

I also think Adani and Ambani will not enter in a tough market like airline travel which has consistently lost money everywhere around the world since last 3 decades 

Rakesh junjunwhala is my dark horse for takeover since he has blessings of top BJP brass 

[bhaigan]

Tata's has all the rights to win Air India Bid

Adani or Ambani's are cronies