Govt quashes report of Tata Group emerging as winning bidder for Air India

The clarification came in the wake of Bloomberg reporting Tata Sons has been selected as the winning bidder for the debt-laden state-run airline

Department of Investment and Public Asset Management (DIPAM) secretary on Friday termed media report indicating approval of financial bids by government in the Air India disinvestment case as 'incorrect'.

"Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken," said DIPAM secretary Tuhin Kanta Pandey in a tweet. 

The clarification came in the wake of Bloomberg reporting that Tata Sons has been selected as the winning bidder for the debt-laden state-run airline Air India.

A panel of