After the conversion of AGR dues, the Centre will have 35.8 per cent stake in Vodafone Idea, while its ownership in Tata Teleservices will account for 9.2 per cent.
The order was passed by a bench of Chief Justice D N Patel and Justice Jyoti Singh. The court said a detailed order will be uploaded.
BJP MP Subramanian Swamy had sought to set aside and revoke the Air India disinvestment process. The Delhi High Court dismissed his disinvestment petition on Thursday.
In October last year, the Centre accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express, along with the government's 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years.
The main prayer of the petitioner was to restrain the Ministry and Air India Limited from proceeding further with the process of disinvestment without taking appropriate steps to protect the terms and conditions of service and the rights of the employees, represented by the union.
The government announced opening of Srinagar-Sharjah flights after deliberations between Lieutenant Governor of J&K Manoj Sinha and Union Minister for Civil Aviation, Jyotiraditya M. Scindia in September.
The share purchase agreement stipulates that the buyer has agreed to the terms set out by the target company for completing the transaction or acquisition.
Tata Sons had won the bid for acquiring 100 per cent stake in the national carrier, last week. A consortium led by Spicejet promoter Ajay Singh came second with their bid of Rs 15,000 crore.
A consortium led by Spicejet promoter Ajay Singh came second with his bid of Rs 15,000 crore. The reserve price for the bid was set at Rs 12, 906 crore.
The announcement was made by the secretaries of DIPAM and the ministry of civil aviation.
It added that the media would be apprised of the development pertaining to the disinvestment and when it is finalised.
The government is seeking to sell 100 per cent of its stake in the state-owned national airline, including Air India's 100 per cent shareholding in AI Express Ltd and 50 per cent in Air India SATS Airport Services Private Ltd.
After analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India for doing due diligence, following which investors' queries were answered.
Only Air India is operating flights between India and Afghanistan and the airline is monitoring the Taliban surge closely.
The aircraft made the emergency landing at 8.50 am today, an official said adding that it only carried cargo and did not have any passengers onboard.
A lawyer representing Cairn, said the firm will bring lawsuits in several countries to make state-owned firms liable to pay the USD 1.2 billion plus interest and penalties that are due from the Indian government
The data breach occurred following a ‘sophisticated’ cyberattack on Air India’s passenger service system provider--SITA in February, the airline said in a statement
Other Indian assets identified by the British company include vessels belonging to the Shipping Corporation of India, properties owned by state-owned banks and oil and gas cargoes of PSUs.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
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