Goodbye Sons makes winning bid of Rs 18,000 cr for Air India: Govt

Salt-to-programming aggregate Tatas have won the bid to gain obligation loaded state-run Air India offering Rs 18,0000 crore for getting 100% shareholding, a senior government official said on Friday. 

A SPV of Tata Sons - the holding organization of aggregate - has arisen as fruitful bidder, Tuhin Kanta Pandey, secretary to the Department of Investment and Public Asset Managementm - the public authority office liable for privatization - said. 

Goodbye Sons beat SpiceJet advertiser to sack Air India.

The DIPAM secretary said Tatas' offered of Rs 18,0000 crore contains taking over of 15,300 crore of obligation and paying the rest in real money. Govt to get Rs 2,7000 cr cash from Tatas available to be purchased of its 100 pc stake, said DIPAM Secretary. Goodbye Sons' triumphant bid of Rs 18,000 crore for Air India higher than save cost of Rs 12,9006 crore set by the government, the authority added. The exchange is relied upon to nearby the finish of December 2021, said Pandey.

The two bidders had provided over the save cost estimate, he said adding the exchange is wanted to be shut by December.

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