Tata Group Likely To Ask Govt For Indemnity Clause In Air India Disinvestment Deal
Air India Jet. (Wikimedia Commons)
The Tata Group may ask the Government to include an indemnity clause in the Air India privatisation deal to protect it from unexpected claims and risks arising out of the recent claims filed by Devas Multimedia and Cairn Energy, seeking to seize Air India's overseas assets,
Economic Times.
The development comes at a time when the Tata Group is known to be intensifying the due diligence on the airline. The group is said to be aiming to shield itself from "any resultant court cases" and "hidden contracts" which may suddenly turn up once a deal is closed.