HomeBusinessTata Sons wins Air India bid, will acquire debt-ridden national carrier

Tata Sons wins Air India bid, will acquire debt-ridden national carrier

@the_news_21

Tata sons has won the bid to take control of Air India, according to media reports.

Reports say that the Committee of Ministers on the national carrier disinvestment headed by Home Minister Amit Shah has approved the winning bid for the national airline.

Also Read: IndiGo to start flights connecting Kanpur from Oct 31

The government had last week evaluated financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India. The financial bids were evaluated against an undisclosed reserve price and the bid offering the highest price above that benchmark was be accepted.

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