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Tata Sons emerge as highest bidder for Air India

Picture for representational purpose only 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 in Air India along with that of Air India Express and AISATS. Out of the 18,000 crore, Talace will retain Rs 15,300 crore, while the rest will be paid to the Centre as the cash component. The bid was higher than the consortium led by industrialist Ajay Singh. The consortium had quoted an EV […]

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