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Recently, the Centre successfully disinvested a 100 per cent stake to Tata Sons of Air India, but pending dues by Air India need to be noted to the new owner. ....
On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bid to buy India's flag carrier Air India, raising hopes that the disinvestment process of the loss-making airline will be completed in this financial year. Besides 100 per cent of its stake in the state-owned national airline, the potential buyer will get Air India's 100 per cent of AI Express - a low-cost airline - and 50 percent of Air India SATS Airport Services. The idea of government selling its stakes in Air India - The flying 'maharajah' which was once among Asia's top-most airlines - is not of recent origin. Following is a 10-point primer on the Air India saga ....
Will Centre miss its disinvestment target again? The disinvestment plan includes sale of assets like BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam Nevin John | May 25, 2021 | Updated 21:25 IST The government s budgetary proposal to raise Rs 1.75 lakh crore from disinvestments and strategic sales in 2021-22 is not gaining pace because of the chaos around second wave of COVID-19 infections. Since the infection rate is receding in the country, the sale process is expected to restart from September-October, said an industrialist, who is looking to acquire some of the assets. ....