Tata Group may seek indemnity clause in Air India privatisation deal: Report

The Tata Group is one of the leading contenders to acquire debt-laden Air India. The salt-to-software conglomerate is expected to seek an indemnity clause as part of the deal to acquire the airline. Here is all you need to know.

Tata Sons, the holding company of Tata Group, is one of the leading contenders to acquire Air India as the government looks to wrap up the sale of the debt-laden airline by the end of this calendar year or by the first quarter of 2022. The salt-to-software conglomerate and SpiceJet CEO Ajay Singh have emerged as the two final bidders for Air India. Tata Group had reportedly quoted a price higher than Singh for acquiring Air India in the preliminary bidding round.