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Home » Tata Sons, SpiceJet chief bid for Air India
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Tata Sons, SpiceJet chief bid for Air India

channeladminBy channeladmin18 September 2021Updated:1 October 2021No Comments1 Min Read
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Tata Sons and a group led by SpiceJet chairman Ajay Singh placed financial bids for Air India

Tata Sons made the offer via its 100% arm Talace Private Ltd

Singh relied on his personal capacity along with some investment funds

Soon, the govt will set a floor price for the airline’s sale

The one who quotes the highest bid over the floor price will claim the airline

The winner will get Air India Express and a 50% stake in AISATS

The remaining 50% in AISATS is owned by Singapore’s SATS

SATS is a partner in Tata Sons’ air catering venture

Tata had promoted Air India in 1932 but sold interests to the govt in 1953

Channel I Am channeliam India Tata Sons technology
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