Reports of Tata winning bid of Air India disinvestment are 'incorrect': Govt


The flight that made emergency landing | Photo: Mathrubhumi

New Delhi: Department of Investment and Public Asset Management (DIPAM) secretary on Friday termed media reports indicating approval of financial bids by the Central government in the Air India disinvestment as 'incorrect'.

The DIPAM secretary also stated that the media will be informed of the government's decision as and when it is taken.

"Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken," the DIPAM secretary tweeted.

The share purchase agreement (SPA) has been given to the bidders in the meeting recently and the process will start after a formal announcement is made after it is approved by the Union Home Minister Amit Shah-led ministerial committee. Union Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal and Aviation Minister Jyotiraditya Scindia are also members of the committee.

Air India's reserve price was fixed after the bids were called to ensure that the bidders do not get to know about the reserve price prior to their bidding. It ensured utmost confidentiality when it comes to the reserve price.

The government will divest its 100 per cent stake in Air India, Air India Express and 50 per cent stake in ground handling company AISATS.

ANI

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Youtube
Telegram
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.