India conglomerate Tata Group bids for debt-hit national airline
Al Jazeera
Tata Group, which owned Air India before airline was nationalised, also has investments in AirAsia India and Vistara.
India’s tea-to-steel conglomerate Tata Group has confirmed it has submitted a bid to buy debt-stricken national carrier, Air India, which it owned decades ago before the airline was nationalised.
The Indian government has sought to sell its entire stake in the ailing company, setting a deadline for bids for Wednesday after failing previously to secure any interest for a majority share.
“We have put in a bid,” a Tata Group spokesperson told AFP news agency late on Wednesday, without giving any further details.
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