Who are the bidders for Air India?

Tata Sons Ltd., the holding company of the conglomerate that owns an 84% stake in AirAsia India and controls Jaguar Land Rover, is among the remaining bidders. SpiceJet Ltd. promoter Ajay Singh and two other investors have also shown an interest in acquiring Air India, the Economic Times reported last month.

Who is the buyer of Air India?

Further, reports suggest that Ajay Singh has partnered with Ras Al Khaimah Investment Authority, and Ankur Bhatia, promoter of Delhi-based Bird Group to jointly place the bid for Air India.

Who all are bidding for Air India?

Tata Sons and a consortium of SpiceJet chairman Ajay Singh, Ras Al Khaimah Investment Authority and Ankur Bhatia, promoter of Delhi-based Bird group, have emerged as the two bidders for Air India, according to several media reports.

Is SpiceJet bidding for Air India?

SpiceJet chairman Ajay Singh readying $1-billion bid for Air India: Report.

Is Tata bidding for Air India?

Tata Sons is the only entity that has confirmed its participation in AI’s bidding process. The promoter of SpiceJet is said to be in the reckoning, but he has not confirmed this officially.

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Why is no one buying Air India?

Reports suggest that the huge debt of Air India is a major reason for buyers not being extended. The government is examining how the debt exposure of the potential buyer can be reduced. … This means, that instead of Rs 60,074 crore debt, the new buyer will be needed to repay only Rs 23,286 crore of debt.

Why Air India is being sold?

Tata group, now India’s largest conglomerate, had actually participated in the founding of Air India in 1932. … Now Tata wants to flex its muscles in the aviation sector in which it already has a foot in the door with Vistara. Acquiring Air India will further Tata’s ambitions of becoming a top player in Indian aviation.

Is Air India going in loss?

Air India is likely to incur a loss of ₹9,779 crore for the financial year 2020-2021, according to provisional figures shared by the Centre in Lok Sabha on Thursday.

Is Air India up for sale?

New Delhi: National carrier Air India Ltd is offering to sell several properties including offices, flats and staff quarters at major metropolitans as the cash-strapped airline makes a renewed attempt for such divestments this fiscal.

Is Airindia sold?

The government is selling its entire 100% stake in Air India that has been in losses ever since its merger with domestic operator Indian Airlines in 2007.

What is the share price of Air India?

Air India Ltd

52 Wk High 0.00
52 Wk Low 0.00
Upper Price Band 12,00,000.00(20%)
Lower Price Band 8,00,000.00(20%)
2W Avg Qty`
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Who is Tata owner?

Is Tata Group in loss?

Tata Motors reported a consolidated loss of ₹7,605 crore in the March quarter, in contrast to estimates of profit, as the company took a write-down of about ₹15,000 crore in its Jaguar Land Rover (JLR) business as part of the electric powertrain-focused Reimagine strategy.

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