Amit Shah-led AISAM to soon approve Air India sale

Published On: Friday, October 1, 2021 | By: Team KnowMyStock

Amid the buzz of the Centre approving Air India's sale to Tata Sons, government officials said that the highest decision-making body constituted for the national carrier's divestment is yet to meet to grant its nod for the transaction. The Air India Specific Alternative Mechanism (AISAM) headed by Home Minister Amit Shah is yet to meet to approve the sale of Air India, an official said. The panel is expected to meet soon to grant a final nod to the sale of the national carrier. The panel has Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Aviation Minister Jyotiraditya Scindia as members. The government expects the final bid to at least match the reserve price. But, it may still go ahead with the disinvestment process even if the bid quoted is lower than the reserve price. The government is looking to complete the sale of Air India as early as this month.

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