New Delhi: The government on Friday completed the sale of Indian Air Carrier to the Tata Group to offer their victory from Crore Rs 18,000.
Ownership of the airline which is full of debt now returns to the conglomerate salt-to-software, which found it almost 90 years ago.
Read the Alsoreturn from the missing son: Air India returned to the founder of the folding after 68 years the government on Friday announced the Tata Group as a bidder of victory for Air India, clearing the road for Maharaja who lacked money back to the right founder of 68 years after India had nationalized his preman airline In 1953.
Talace Subsidiaries Pvt Ltd.
Putting out of the national operator has caused losses since the merger with Indian airlines in 2007.
Secretary of the Department of Investment and Public Asset Management (Depam) losses around Rs 20 Crore per day.
Thus, the government is left without choice but to sell its shares on the aircraft carrier.
However, it took more than two decades and three attempts to Air India finally renamed.
What click this time? These are the deeper views on the process of disinvestment for years …
* 2000-01: NDA The government tries to sell 40% of the stakea from the privatization and more extensive disinvestment, in 2000-01, the government is under the Bihari Vajpayee atal Selling minority shares (40 percent) in Air India.
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3 Efforts, 20 years: Why is the government able to sell Air India this time
