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CENTRE APPROVES AIR INDIA BHAWAN TRANSFER TO MAHARASHTRA FOR RS 1,601 CR
The Business Guardian
|March 15, 2024
The Air India building in Mumbai has been transferred from AI Assets Holding Company Ltd to the Maharashtra government for Rs 1,601 crore
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The Centre on Thursday approved the transfer of the Air India building in Mumbai from AI Assets Holding Company Ltd to the Maharashtra government for a sum of Rs 1,601 crore.
As part of the agreement, the Maharashtra government has decided to forgo Department of Investment and Public Asset Management (DIPAM) dues amounting to Rs 298.42 crore that would have been owed by AI Assets Holding Company Ltd, as confirmed by the DIPAM.
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