• Govt to sell 100% stake in Air India; bidders will need to absorb ₹23,000 cr debt

    Govt to sell 100% stake in Air India; bidders will need to absorb ₹23,000 cr debt

    Published Date : 27-Jan-2020 11:27:03 IST

    The government has invited preliminary bids to divest its entire stake in Air India, and the airline’s subsidiary Air India Express. The government owns 100% stake in Air India and Air India Express. Bidders will need to absorb over ₹23,000 crore of its debt. The government didn’t find a single bidder when it tried to sell Air India in 2018.

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