Air India disinvestment News
The minister also noted that the government is currently evaluating technical aspects of the bids received. Tata Sons, the holding company of India's largest conglomerate, and SpiceJet chief Ajay Singh are among those who submitted financial bids. Tuhin Kanta Pandey, secretary of the department, is running the privatisation process.
The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15. Air India is laden with a huge debt of around Rs 43,000 crores of which Rs 22,000 crores will also be transferred to the Air India Asset Holding Limited (AIAHL) The government declined to share any details on expectations from the sale of Air India.