New Delhi: 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.
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).