The government Friday announced Tata Sons emerged as the winning bidder for Air India. The announcement was made by the secretaries of DIPAM and the ministry of civil aviation. DIPAM is the department that looks into the disinvestment of government assets and holdings.바카라 웹사이트
It was further informed that the transaction is expected to close by December 2021.
Chairman Emeritus of Tata Sons, Ratan Tata tweeted about the development. He said, "Welcome back, Air India".바카라 웹사이트
Other important highlights:바카라 웹사이트
1. Air India's total debt as of August 31, 2021, stands at바카라 웹사이트61,562 crores. The winning bidder would take over바카라 웹사이트Rs 15,300 crore of the debt.바카라 웹사이트
2.바카라 웹사이트Reserve price for bid was fixed at Rs 12, 906 crore
3.바카라 웹사이트Current losses of Rs 20 crore per day will now be Tata Group's financial consideration
4.바카라 웹사이트All government benefits provided accrued to current employees will continue for one year
5.바카라 웹사이트Eight logos or brand names of Air India cannot be transferred in the next 5 years. No transfer allowed to any foreign entity even after expiry of 5 years
6.바카라 웹사이트Business continuity clause would exist for three years. Winning bidder being given complete operational freedom.
7.바카라 웹사이트Air India has 12,085 employees in total and 8,084 permanent employees
8.바카라 웹사이트Restriction for government-employees to compulsorily travel in Air India to be taken away
(This is a breaking story. More details to follow)
