Total bid is Rs 18000Cr but Govt is only getting Rs 2,700 Cr from Air India sale

The government will get Rs 2,700 crore in cash from the divestment of Air India, DIPAM Secretary Tuhin Kunta Pandey said Friday, as he announced that Tata Sons had won the bid to acquire the embattled national carrier.

The Tata’s winning bid is for Rs 18,000 crore, for which they will get 100 per cent stake in Air India, as well as a 50 per cent stake in its ground-handling company AISATS and Air India Express.

The transaction does not include non-core assets including land and building, valued at Rs 14,718 crore, which are to be transferred to the government’s holding company, Air India Assets Holding Limited.