Union government is considering waiving more than half of its debt on the company to woo buyers of Air India, the state-run airline airline. Sources aware of the case gave this information. Air India has a debt of about 55 thousand crore rupees.
According to a report by Bloomberg, on the condition of anonymity, sources said that Prime Minister Narendra Modi's government has planned to ask the proposed investors to take over the company's debt of Rs 30,000 crore. The government may issue an expression of interest on December 15 to sell the company.
Failed to find a buyer for the company last year to bridge the fiscal deficit by a reduction in tax collections and a $ 20 billion corporate tax cut It is keen to sell the company as soon as possible. Last week, the central government decided to sell the country's second largest government refiner company and its largest shipping company.