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News
Air India stake sale
Air India stake sale News
Air India
08 Oct 2021
Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores
Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.
Air India
17 Jul 2019
Modi government plans Air India's divestment by year-end: Sources
During its first term, the Modi government had tried to exit from the debt-burdened Air India, but it failed to get any potential buyer, and had to eventually defer plans of divestment.
Air India
20 Nov 2018
Air India to raise Rs 6,100 crore by selling, leasing back aircraft
On August 7, Parliament had approved the gross additional expenditure of Rs 980 crore for equity infusion into the heavily indebted airline.
India Parliament
31 Jul 2018
Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India
The amount is part of the total gross additional expenditure of Rs 11,697.92 crore, for which approval has been sought from the Parliament.
Air India
19 Jun 2018
Govt puts off Air India stake sale for now
The decision comes less than 3 weeks after the proposed 76 percent strategic stake sale in debt laden national carrier failed to attract any bidder.
AirAsia
31 May 2018
AirAsia case not to have impact on Air India stake sale process: R N Choubey
The deadline for submitting Expression of Interest (EoI) for 76 percent stake in the debt-laden Air India is ending on Thursday.
Air India stakes
31 May 2018
Air India fails to draw a single bid so far
Prime Minister Narendra Modi`s government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.
Air India disinvestmen
01 May 2018
Air India stake sale: Govt extends EoI deadline to May 31
Besides, the qualified interested bidders would be intimated on June 15.
Air India disinvestmen
01 May 2018
Govt issues clarifications on Air India stake sale
It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 percent stake in Air India along with management control to private entities.
Air India disinvestment
16 Apr 2018
Air India staff unions hit social media against disinvestment plan
As part of efforts to revive the loss-making Air India, the government has kicked off the stake sale process and has issued a detailed preliminary information memorandum wherein it has proposed to sell 76 percent stake and cede management control to private players.
Air India
31 Mar 2018
Air India sale a scam in the making, I am watching the deal: Subramanian Swamy
Swamy has threatened to file a complain if he finds anything wrong with the deal.
Air India
29 Mar 2018
UPA made the Maharaja a beggar: NDA Minister on Air India sale
He said the airline would be kept independent after the stake sale.
Strategic disinvestment
21 Nov 2017
Air India ropes in SBI Caps, sets up 5 teams for divestment process
As part of efforts to revive the loss-making airline, the government has decided on strategic disinvestment and the modalities are being worked out.
Air India
06 Nov 2017
Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements.
Air India disinvestment
27 Sep 2017
Two more firms evince interest in Air India ground handling biz
A group of ministers, headed by Finance Minister Arun Jaitley, held discussions on the stake sale modalities. It is at least the third meeting of the group so far this month.
Air India transaction adviser
30 Aug 2017
Govt to appoint transaction advisers for Air India disinvestment
Apart from Jaitley, Civil Aviation Minister Ashok Gajapathi Raju, Railway Minister Suresh Prabhu and Power Minister Piyush Goyal as well as senior officials were present at the meeting.
Arun Jaitley
30 Aug 2017
Arun Jaitley hints at expeditious decision on Air India stake sale
Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.
Air India
23 Mar 2016
Government to consider 49% stake sale in loss-making Air India
Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years amid rising competition from private carriers.
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