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Air India stake sale News

08 Oct 2021

Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores

Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.

17 Jul 2019

Modi government plans Air India's divestment by year-end: Sources

During its first term, the Modi government had tried to exit from the debt-burdened Air India, but it failed to get any potential buyer, and had to eventually defer plans of divestment.

20 Nov 2018

Air India to raise Rs 6,100 crore by selling, leasing back aircraft

On August 7, Parliament had approved the gross additional expenditure of Rs 980 crore for equity infusion into the heavily indebted airline.

India Parliament

31 Jul 2018

Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India

The amount is part of the total gross additional expenditure of Rs 11,697.92 crore, for which approval has been sought from the Parliament.

19 Jun 2018

Govt puts off Air India stake sale for now

The decision comes less than 3 weeks after the proposed 76 percent strategic stake sale in debt laden national carrier failed to attract any bidder.

31 May 2018

AirAsia case not to have impact on Air India stake sale process: R N Choubey

The deadline for submitting Expression of Interest (EoI) for 76 percent stake in the debt-laden Air India is ending on Thursday.

Air India stakes

31 May 2018

Air India fails to draw a single bid so far

Prime Minister Narendra Modi`s government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.

Air India disinvestmen

01 May 2018

Air India stake sale: Govt extends EoI deadline to May 31

Besides, the qualified interested bidders would be intimated on June 15.

Air India disinvestmen

01 May 2018

Govt issues clarifications on Air India stake sale

It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 percent stake in Air India along with management control to private entities.

Air India disinvestment

16 Apr 2018

Air India staff unions hit social media against disinvestment plan

As part of efforts to revive the loss-making Air India, the government has kicked off the stake sale process and has issued a detailed preliminary information memorandum wherein it has proposed to sell 76 percent stake and cede management control to private players.

31 Mar 2018

Air India sale a scam in the making, I am watching the deal: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

29 Mar 2018

UPA made the Maharaja a beggar: NDA Minister on Air India sale

He said the airline would be kept independent after the stake sale.

Strategic disinvestment

21 Nov 2017

Air India ropes in SBI Caps, sets up 5 teams for divestment process

As part of efforts to revive the loss-making airline, the government has decided on strategic disinvestment and the modalities are being worked out.

06 Nov 2017

Air India to sell 2 properties to SBI, may fetch Rs 50 crore

Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements.

Air India disinvestment

27 Sep 2017

Two more firms evince interest in Air India ground handling biz

A group of ministers, headed by Finance Minister Arun Jaitley, held discussions on the stake sale modalities. It is at least the third meeting of the group so far this month.

Air India transaction adviser

30 Aug 2017

Govt to appoint transaction advisers for Air India disinvestment

Apart from Jaitley, Civil Aviation Minister Ashok Gajapathi Raju, Railway Minister Suresh Prabhu and Power Minister Piyush Goyal as well as senior officials were present at the meeting.

30 Aug 2017

Arun Jaitley hints at expeditious decision on Air India stake sale

Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.

23 Mar 2016

Government to consider 49% stake sale in loss-making Air India

Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years amid rising competition from private carriers.

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