The government has rejected the news that the Tata Group's bid to buy Air India has been approved. The government has said that the media reports about this are wrong, nothing has been decided yet. Whenever there is some decision regarding this, information will be given to the media.
Earlier, a Bloomberg report claimed that the government has accepted Tata Sons' offer to buy Air India. The government had called a tender to sell the entire 100% stake in Air India. The government will also sell a 50% stake in Air India's second company Air India Sats (AISATS).
The committee that has been formed for Air India includes Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Aviation Minister Jyotiraditya Scindia. According to sources, the reserve price of Air India was fixed at Rs 15,000 to Rs 20,000 crore.
According to a Bloomberg report, Tata Group had made a bid of about Rs 3,000 crore more than SpiceJet chairman Ajay Singh. The last date for bidding for Air India was September 15. Since then it was speculated that the Tata Group might buy Air India.
Mumbai office also included in the deal
Under this deal, Air India's head office in Mumbai and Airlines House in Delhi are also included. The market value of the Mumbai office is more than Rs 1,500 crore. At present, Air India controls 4,400 landing and parking slots in the country and 1,800 abroad.
The company is burdened with huge debt
The government failed in its plan to sell the huge debt-ridden Air India for many years. The government had invited bids in 2018 to sell a 76% stake. However, at that time the government had talked about keeping management control with itself. When no one showed interest in it, the government decided to sell it 100% with management control.
Efforts are being made to sell since the year 2000
The first decision to sell Air India was taken in the year 2000. This was the year when the Atal Bihari Vajpayee-led National Democratic Alliance (NDA) government disinvested several companies, including the Centaur Hotel in Mumbai. Arun Shourie was the disinvestment minister at that time. On 27 May 2000, the government decided to sell a 40% stake in Air India.
Apart from this, the government had decided to give 10% share to employees and 10% to domestic financial institutions. After this, the government's stake in Air India would have come down to 40%. However, since then there have been several attempts to sell Air India for the last 21 years. But every time due to some reason or the other the matter got stuck.
Earthquake in New Zealand: Earth trembled due to a major earthquake in New Zealand, now alert for tsunami
Strong earthquake tremors have been felt on Thursday in the Kermadec Islands, located in the north of New Zealand. According to media reports, the intensity of the earthquake has been measured at 7.1
Sargam Kaushal became Mrs. World 2022, after 21 years the daughter of Jammu increased India's pride in the world
Jammu's daughter Sargam Kaushal winning the title of Mrs. World 2022 was a proud moment for the country. If there is an atmosphere of happiness in the family, Jammu and Kashmir is feeling proud. Tears
Delhi's air still toxic: Air quality in 'very poor category with AQI 355, no relief expected in next 24 hours
The air quality in the national capital remained in the 'very poor category for the seventh consecutive day. According to the report of the System of Air Quality and Weather Forecasting And Research
England won in Pakistan's home after 17 years: Won the first T20 match by 6 wickets, Hales-Brook played match-winning innings
England started the tour of Pakistan on a winning note, thanks to the precise bowling of left-arm medium pacer Luke Wood and the charming innings of Alex Hales and Harry Brooke. They beat the hosts by
Hanuman Jayanti: Baba Mahakal appeared in the form of Hanuman in Bhasmarti, makeup was done with hemp and dry fruits.
In the world-famous Shri Mahakaleshwar temple today, on the full moon day of Chaitra Shukla Paksha, during the Bhasma Aarti, Pandey priest worshiped the idols of God installed in the sanctum sanctorum
During the shooting of 'Pathan', Shahrukh Khan took pictures with the fans, such things are happening about the look
Fans are eagerly waiting for superstar Shah Rukh Khan's film 'Pathan'. Since 2018, none of Shahrukh Khan's films have been released at the box office. Shahrukh Khan is going to make a comeback at the
India Russia Relations: Russia's blunt reply to western countries, said- India will continue to supply crude oil
Russia's supply of crude oil to India will continue and bilateral trade will set new records. There will be no obstacle between the two countries. Russian Ambassador to India Denis Alipov said in a
Lok Sabha Polls: LJP-Ram Vilas Parliamentary Party meeting, five party MPs elected Chirag Paswan as leader
Lok Janshakti Party chief and newly elected MP from Hajipur Lok Sabha constituency Chirag Paswan has been chosen as the leader of the parliamentary party by his party. A meeting was held between the
Arrested for urinating on a woman in flight: Police caught from Bengaluru after 42 days, Air India serves notice to crew members
The man who urinated on a woman on an Air India flight coming from New York has been arrested after 42 days. DCP Ravi Singh of IGI Airport said, 'Delhi Police has arrested the accused Shankar Mishra
H1N1: Swine flu cases highest in four states including Delhi, with more than 500 new cases in the country, six deaths in January
The spread of swine flu or H1N1 virus infection has increased rapidly in eight states of the country. The situation is serious in Delhi, Karnataka, Kerala and Tamil Nadu. These states have reported
