News > Tata Group may seek indemnity clause in Air India privatisation deal

Tata Group may seek indemnity clause in Air India privatisation deal

India Today | 12/07/2021 04:27 PM | Click to read full article

Tata Sons, the holding company of Tata Group, is one of the leading contenders to acquire Air India as the government looks to wrap up the sale of the debt-laden airline. Tata Group had reportedly quoted a price higher than SpiceJet CEO for acquiring Air India in the preliminary bidding round.

As Tata Group remains in the driver’s seat to acquire the airline, it may ask for an indemnity clause to protect itself from unexpected claims.

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