It's a homecoming of Air India to the Tatas! in what can be seen as the first privatization in as many as 19 years, the government today announced that Air India will be sold to the Tata Group. The winning bid came in at Rs. 18,000 crores as against the reserve price of Rs. 12,906 crores. The Tatas will take on debt of Rs. 15,300 crores. The government said that the move will put an end to the bleeding to the exchequer because of Air India. Can the Tata Group restore the Maharaja to its former glory? For the most definitive breakdown and analysis of the mega deal, watch the India Development Debate with Dhiraj Mathur, Advisor, Aerospace & Defence and Ex-Partner PwC & retired IAS, Mark D Martin, Founder & CEO, Martin Consulting and Jitender Bhargava, Former ED, Air India.
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