Tata Sons has emerged as the top bidder for the takeover of Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah.
Air India employees will be safeguarded even after the divestment of the national carrier by December-end.The announcement came after Tata Sons subsidiary Talace emerged as the highest bidder for the national carrier under the divestment .
Tata Sons subsidiary Talace, which emerged as the highest bidder for national carrier Air India, will retain over Rs 15,000 crore worth of airline s debt.Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding .
The Centre on Friday declared Tata Sons subsidiary Talace as the highest bidder for national carrier Air India under the divestment process.Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of the Centre .