Now officially Tata group is ready to take charge of Air India.
The Central Government may today announce the winning bidder for national carrier Air India.
Tata emerges as the winning bidder for AirIndia with an Enterprise Value of Rs.18000 crore of the total money 15% would go to the government and the rest will go in clearing debt.
Tuhin Kanta Pandey Disinvestment Secretary said, “We received two financial bids on September 15 . Panel of ministers cleared the winning bid. TATA is the winning bid.”
Air India’s return to its founders after a gap of 68 years.
Air India was founded by JRD Tata as Tata Airlines in 1932.
Tata Group Chairman Ratan Tata tweet, ” Welcome back, Air India.”