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TOP
STORY |
Friday, December 07, 2001
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Tatas
give up on Air-India |
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The Tatas have decided to give up their bid to take over
Air-India, bringing divestment in the aviation sector to a grinding
halt. In their letter to the disinvestment ministry, the Tatas
have said they have been unsuccessful in bringing together a
consortium, and cited the ongoing “slowdown in the aviation
industry” following the September 11 attacks on the US, as the
main reason. |
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