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Centre approves transfer of Air India bldg to Maharashtra govt for Rs 1,601 cr
Updated On: 14 March, 2024 03:00 PM IST | Mumbai | mid-day online correspondent
Maharashtra government will discharge dues of Rs 298.42 crore owed by AI Assets Holding Company Ltd in lieu of transfer of Air India building
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Air India buildin at Nariman Point/ Sayyed Sameer Abedi
The Union government has approved the transfer of the Air India building in Mumbai from AI Assets Holding Company Ltd to the Maharashtra government in exchange for a large payment of Rs 1,601 crore.
Under the terms of the deal, the Maharashtra government has agreed to discharge dues of Rs 298.42 crore owed by AI Assets Holding Company Ltd to the state government. The Department of Investment and Public Asset Management (DIPAM) has confirmed the arrangement, reported ANI.
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