A proud moment for J. R. D. Tata that Tata group wins bid and get airindia back after 68 years
SpiceJet promoter Ajay Singh had quoted a financial bid amount of Rs 15,100 crore but Tata Group had quoted a winning bid of Rs 18,000 crore for acquiring Air India. This price is higher than the reserve price. Of this, Rs 15,300 crore is debt and the rest Rs 2,700 crore will be in cash.
Amit Shah, finance minister Nirmala Sitharaman, commerce minister Piyush Goyal and civil aviation minister Jyotiraditya Scindia cleared the winning bid for Air India on October 4.
For 5 years, these logos can't be transferred. After complete the logo can be transferred to only Indian persons and not to any foreign entity
According to https://www.moneycontrol.com :
Reserve price for Air India was set at Rs 12,906 crore; Tatas quoted Rs 18,000 crore
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