10-08-2021 04:59 PM | Source: IANS
Tata Sons emerge as the highest bidder for Air India
News By Tags | #691 #572 #1588

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

The Centre on Friday declared Tata Sons' subsidiary Talace as the highest bidder for national carrier Air India under the divestment process.

The Tatas' subsidiary quoted Rs 18,000 crore of enterprise value for Air India, Divestment Secretary Tuhin Kanta Pandey announced.

There were only two bidders in the final stage of divestment.

Besides, the Tatas' subsidiary, the second bidding entity was a consortium led by industrialist Ajay Singh.

Notably, conglomerate Tata Sons was touted to be the front-runner to get hold of the carrier.