New Delhi: With Air India (AI) Ready to return to Founder Tata Group whether this week or next week, the staff of the Ministry of Finance airlines urged its staff to provide “the best in the last three days before (getting) divestment”.
The closing balance on January 20, 2022, must be given to tatas on Monday (January 24) “so that it can be reviewed (they) and every change is carried out on Wednesday,” AI Finance Head has written its employees on Monday because they may be requested To work on holidays during this week to complete the task.
AI’s share purchase agreement was signed on October 25, 2022.
Since then the process is active to meet the requirements needed by precedents (CP) permission from the Supervisory Agency.
After that the closing balance sheet on the date of the CP completion will be prepared.
Transition management will be applied with representatives of Bombay House.
Unless there is a difference in views between the owner out and in the balance sheet, then it will then pay the consideration of Rs 2,700 Crore and then take control.
“AI Disinvestment is now decided to be on January 27 …
We have done a very good job until now in giving all the support for disinvestment exercises ….
The next three days will be busy for our department and I ask you all to give that Best in the last three days before we divesta.
We may have to work overtime at night to complete the task given to us.
I am looking for cooperation one and all, “AI Finance Head has written to his employees on Monday.
AI officials said Tata Group had begun the “Coach Train” program where several people have been chosen from various departments to be trained about Tata’s ethos, work culture.
Trained will, in turn, train their colleagues.
“One of the main things told is that it is not like the PSU where seniority decides who will be a boss, AI employees must be ready to work under someone who can be younger than them,” said an official.
Tatas so far not comment on the preparation of takeovers or plans for airlines founded by JRD Tata 69 years ago.
“The transition period tends to see someone from Tata comes as accountability managers and senior AI officials continue to work in their current role except a few changes on the no-operational side.
Brass designated Tata will take time for takeover until they, first, resolved and announced and announced , Then the second, was given security cleanliness by a government agency, “someone said in knowledge.
SORD SONS SONS VP Gagarwal – an engineer from Delhi College of Engineering and Postgraduate in Finance & Management from IIM Calcutta – is expected to play an important role in AI.
AI closes the balance sheet to be given to Tatas today
