Cabinet nod to in-principle divestment of Air India stake

The Cabinet on Wednesday gave in-principle approval for Air India stake divestment, Finance Minister Arun Jaitley said here.

"In-principle approval for Air India divestment has been given. The Civil Aviation Ministry's proposal for formation of a group under the chairmanship of the Finance Minister to decide the modalities of divestment process has also been accepted," he said.

--IANS

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