Air India handover to Tata Group delayed by a month till January
The Hindu
Government wanted to complete the transactions by December end but the procedure is taking ‘longer than expected’
Tata Group's is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday.
In October, the government accepted the highest for and Air India Express along with its 50% stake in ground-handling company AISATS - the first privatisation in 20 years.
At that time, the government had stated that it wanted to complete the transactions, which included Tatas paying ₹2,700 crore in cash, by December end.
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