New Delhi: AI disinvestment: The Modi government on Wednesday met two bidders interested in the disinvestment of Air India. In this meeting, among other things, the Minimum Reserve Price fixed for the sale of the National Carrier was also discussed. People related to this matter have given this information.
Government selected company
People related to this matter have told that the Modi government has selected the winner from the two companies that have bid to buy Air India and the government can announce it soon. It is not yet clear when the government is likely to announce the winning bid for Air India’s disinvestment.
Competition to buy Air India
Tata Sons and SpiceJet had bid to buy Air India. Representatives of Tata Sons and SpiceJet met the government on Wednesday. Ajay Singh, chairman of Tata Sons and SpiceJet, did not respond to queries. Tuhin Kant Pandey, Secretary, Department of Disinvestment and Public Asset Management (DIPAM) also refused to respond to a query on this.
Reserve price discussion
A committee of secretaries has decided on the reserve price for the disinvestment of Air India, but sufficient information on this is not yet available. A source familiar with the matter said, “The issue of reserve price for disinvestment of Air India was discussed on Tuesday.
Tata Group is ahead
A source said, “Tata Sons is believed to be the frontrunner in the race to buy Air India. The Tata group is believed to have bid more money for Air India. Keeping in mind the national assets has bid a higher amount to buy Air India.