Tata Group firmly in the driver’s seat to buy Air India

Tata Group firmly in the driver’s seat to buy Air India

REUTERS/Francis Mascarenhas

Tata Sons Pvt. Ltd, the holding company of Tata Group, has quoted a higher price than SpiceJet promoter Ajay Singh for Air India Ltd in the preliminary bidding round, two people with direct knowledge of the development said, seeking anonymity. The government hopes to privatize India’s flag carrier by the end of the current fiscal year.