The government is believed to possess selected the winning bid out of the offers given by Tata Group and Ajay Singh. The minimum reserve price against which bids were judged has also been decided
Air India sale process in last legs as government decides on minimum reserve price, winning bidTata Group and SpiceJet founder Ajay Singh have bid for the ensign
carrierAir India sale includes 100% stake in Air India, Air India Express and 50% in Air India SATS Airport Services Pvt Ltd.
The government has picked the winner from Tata Group and SpiceJet founder Ajay Singh —the two bidders for the sale of Air India and even selected a reserve price against which the offers were judged.
The government may announce the winning bid, reported Economic Times citing sources. However, it isn’t clear when will the winner be announced.
Representatives of Tata Group and Ajay Singh met officialdom engaged within the deal on Wednesday. Both officialdom and two bidders refused to mention anything publicly.
