Sunday, November 05, 2017

Air India selling flats worth Rs. 50cr to SBI: Sources

Even as the strategic sale of Air India (AI) proceeds, reports have emerged that it is in advanced talks with SBI for the sale of two residential properties.

The deal could bring the loss-making carrier nearly Rs. 50cr, sources said.

The firm, which is over Rs. 50,000cr in debt, recently sought loans of about Rs. 1,500cr to meet its working capital requirements.
05/11/17 Gogona Saikia/NewsBytes