Air India sale: Tatas, SpiceJet founder Ajay Singh submit financial bids

Zangetsu said:

NEW DELHI: Tata Group, SpiceJet promoter Ajay Singh among multiple other bidders submitted their financial bids for buying debt-ladden Air India on Wednesday, a company spokesperson confirmed. In a tweet, the department of investment and public asset management (DIPAM) secretary said: "Financial bids for Air India disinvestment received by transaction adviser. Process now moves to concluding stage."

Source: Air India sale: Tatas, SpiceJet founder Ajay Singh submit financial bids - Times of India

Click to expand...

oh wow neither ambani nor adani on headlines , thats strange

Ambani already has Rafale

But on-topic, what are the implications of this?

I still wonder how they cannot clear the debts even in COVID-19 they made huge sum of Money via Vande Bharat Flights

I wish tata gets it, tata was able to make it a great airline back in the 70-80s. But due to some politicians desire, it went down.

And Soldd!

Justified Sell.
Tata will make it more valuable now.