Tata Group willing to acquire Air India, Likely to file expression of interest today

Tata Group will most probably file an Expression of Interest (EOI) to acquire national carrier agency Air India.

It is also reported that Tata Group will use Air Asia as a vehicle where Tata Sons has a significant majority stake.

The deadline prescribed for submission of bids for Air India ends on Monday that is today itself. Other leading corporate houses like Adani and Hinduja may also be interested in the buying of carrier Agency.

The government has been trying for two years to divest its Air India. It wants to divest 100 per cent stake in Air India and budget carrier AI Express, and sell its 50 per cent share in Air India SATS Airport Services, a joint venture with Singapore-based ground handling firm SATS.

The government has further sweetened the deal and now it will be sold on its enterprise value.

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