Air India stake sale: Tata Group ahead of SpiceJet in race for national carrier
Air India
Among the bidders for the beleaguered national carrier, Air India, Tatas are now firmly in the saddle, news reports said. The salt-to-software conglomerate, has quoted a higher price than SpiceJet promoter Ajay Singh for Air India Ltd in the preliminary bidding round, according to people aware of the development,
LiveMint reported.
Last week, SpiceJet chairman Ajay Singh, who is bidding for national carrier Air India in his personal capacity, has sought a relaxation of bidding rules, according to
Times of India.
The transaction to privatise Air India has moved to the financial bids stage and eligible bidders were given access to the Virtual Data Room (VDR) of Air India after analysing the preliminary bids. But Singh is prohibited from the VDR as he is an executive with Spicejet,