Govt denies Tata Sons winning bid for Air India
The Government of India has refuted the reports of Tata Sons winning bids for national carrier Air India.
New Delhi: The Government of India has refuted the reports of Tata Sons winning bids for national carrier Air India.
Secretary, Department of Investment and Public Asset Management, GoI, issued a statement, "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".
Earlier, news agency quoting source reported that Tata Sons won the bid for national carrier Air India. Tata Sons was the highest bidder. Union Home Minister Amit Shah-led ministerial panel has given approval to this bid.
Also, Bloomberg reported that a panel of ministers has accepted the conglomerate's proposal to take over the airline. An official announcement is expected in the coming days, has reported.
The approval for privatisation of the national carrier has been given four years ago.