Tata, SpiceJet promoter shortlisted for AI bids


(This story initially appeared in on Mar 23, 2021)

Mumbai/New Delhi: Tata Group and promoter Ajay Singh have been shortlisted for the bid to purchase out Air India, folks aware of the event have advised TOI.

The 2 will now must submit monetary bids after finishing due diligence on the nationwide provider’s books, agreements and liabilities.

Of their monetary bids, the events must state the quantum of AI’s debt they are going to be prepared to take up and the upfront cost they are going to make for the asset.

Whoever quotes the best financial worth for AI would be the winner of the bid.

At the very least 15% of AI’s enterprise worth needs to be paid in money and the stability could be taken as debt.

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