The government has denied media reports that the Tata Group has won the bid for Air India. Bloomberg had reported earlier that the Tata Group had won the bid for Air India more than half a century after it ceded control of the national carrier to the government. “Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the Department of Investment and Public Asset Management said in a tweet. 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 an 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.
#AirIndia #TataGroup #RatanTata #SpiceJet #AjaySingh #ModiGovt
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