Connect with us

Hi, what are you looking for?

Online Business Success

Tata Son’s bid for Air India is more than SpiceJet promoter, company strong in the initial phase | Tata Group’s bid for Air India more than SpiceJet’s promoter; Tata Sons position strong in current bidding phase

  • Hindi News
  • Business
  • Tata Son’s Bid For Air India Is More Than SpiceJet Promoter, Company Strong In The Initial Phase

Fed up with Ads? Install Dainik Bhaskar App for news without ads

9 hours ago

  • Copy link

Early in the ongoing bid for Air India, Tata Sons, the holding company of the Tata group, has offered more than Ajay Singh, the promoter of SpiceJet. The government wants to sell its airline company in the current financial year ending next March. However, due to the Kovid postponement of several works such as due diligence, it may be a few months late to complete the sales process.

Decreasing cash flow and valuation of the company

According to experts, Tata Sons is in a very strong position in the current round of bidding for the state-run airline company. Air India flights are being canceled amidst the second wave of Kovid and its load factor has also decreased. Due to this, the cash flow and valuation of the company is decreasing.

Experience of running airline business will be seen

According to experts, many things will be seen in the company joining the bid. Like how many years of experience he has in running an airline business. Has handled a fleet of planes and has served flights to many countries. How is the leadership structure, brand and Goodwill of the company. How much expertise is there in the management of non-core assets. How much experience in managing retirement and pension benefits. How much capacity do staff have to handle.

Advertisement. Scroll to continue reading.

Bidder can postpone inspection of real estate property

There may be a delay in completion of the sale process of the company. Buyers would like to visit the company’s real estate property. But this will not be possible for some time due to Kovid. This was said on Wednesday by Tuheen Kant Pandey, Secretary, Deepam (Department of Investment and Public Asset Management). Deepam is the nodal agency to oversee the company’s disinvestment program.

Disinvestment target to be completed in the first half of the financial year

Pandey had said that the government has set a target to complete the disinvestment of Air India in the first half of this financial year, but there may be a slight delay. According to some media reports, Ajay Singh, the Tata Group and SpiceJet CMD for Air India, has been shortlisted for bidding in a private capacity.

Tata Sons is thinking about reducing the valuation of the company

One of the industries that has been the most affected by Kovid is the airline industry. People have reduced flight taking due to the increased infection of Kovid. In such a situation, Tata Sons is thinking about reducing the valuation of the company. It can also ask the government to raise a major portion of the debt lying on the company’s balance sheet.

There are more news …


Source link

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply



In brief: Japanese audio equipment maker Onkyo recently filed for bankruptcy, citing total liabilities of 3.1 billion yen ($24 million). According to a report...

Loan And Finance

Why didn’t Spotify raise its $9.99 / €9.99 / £9.99-per-month Premium prices in more major markets before the average person faced an economic tornado...


What just happened? Did you know Thursday is Global Accessibility Awareness Day? Yeah, me neither. But apparently, this made-up provides companies the perfect opportunity...

Social Media

Okay *cracks knuckles* let’s see what the most popular links were on Facebook over the last quarter. Today, Meta has published its latest ‘Widely...


Source: Nintendo The sports party game you control with your actions, Nintendo Switch Sports, has made its way to the latest Nintendo console, much...

Top Stories

Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. NFT...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...