July 17, 2025 09:02 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Karnataka govt blames RCB for Bengaluru stampede, refers to Kohli's online message too | 'Premature and irresponsible': Indian pilots' body slams Air India crash probe report | Bihar CM Nitish Kumar announces free electricity upto 125 units ahead of assembly polls | Air India finds 'no issues' with fuel control switch on Boeing 787-8 planes after precautionary checks | Anchor runs mid-telecast as Israeli airstrikes hit Syria's state TV building | Rare oil painting of Mahatma Gandhi sells for an astounding Rs 1.7 crore | Brother of Yemeni man killed by Nimisha Priya opposes pardon of Kerala nurse | Can't win today's warfare with outdated weapons: CDS General Anil Chauhan seeks upgradation of India's defence system | Shubhanshu Shukla returns to Earth after his 18-day mission to space | India's Got Latent host Samay Raina, other influencers appear in SC over remarks mocking disabled
Air India Privatisation

Air India Disinvestment: Ratan Tata, Chandrasekaran to soon meet panel of ministers led by Amit Shah

| @indiablooms | Oct 08, 2021, at 07:44 am

New Delhi/IBNS: Tata Group chairman emeritus Ratan N Tata and Tata Sons chairman Natarajan Chandrasekaran are likely to soon meet a panel of Union ministers led by Home Minister Amit Shah to talk about the final parts of the salt-to-software conglomerate’s bid for Air India, two sources aware of the negotiations have told Moneycontrol.

Tata Group will also be represented by Banmali Agrawala, president-infrastructure, defence and aerospace, and Saurabh Agrawal, chief financial officer of Tata Sons, sources said, according to the report.

The panel of ministers include Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal and Aviation Minister Jyotiraditya Scindia, sources said.

They would discuss the final details of the deal such as debt restructuring, employee takeover, mode of payment and future plans for the national carrier with the Tata Group representatives, sources said, the report added.

Tata Sons has surfaced as the frontrunner after the final bids to buy the 100 percent stake in the debt-laden national carrier.

The empowered group of ministers - Air India-Specific Alternative Mechanism -  led by Shah met on October 4 at his New Delhi residence, reports said.

The Tata Group wants to acquire 15 percent of the airline's total debt as part of the deal.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm