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1-min read

Asked About Buying Ailing AI, Anand Mahindra Says Not Courageous Enough

The chairman of the Mahindra Group on Wednesday resorted to humour when asked about whether the company interest in buying the beleaguered Air India.

Nagarjun Dwarakanath | CNN-News18

Updated:June 29, 2017, 8:20 AM IST
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Asked About Buying Ailing AI, Anand Mahindra Says Not Courageous Enough
File photo of Anand Mahindra, chairman and managing director of Mahindra Group. (Photo: Reuters)
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Bengaluru: The chairman of the Mahindra Group on Wednesday resorted to humour when asked whether the company was interested in buying the beleaguered Air India.

Anand Mahindra quipped he didn't possess that much courage when asked on Twitter whether his group was interested in buying debt-ridden airline.

Twitterati had a laugh looking at Mahindra's reply and disagreed that Mahindra taking over Satyam was the most courageous decision till date.

ALSO READ: Modi Cabinet Gives In-principle Approval For Disinvestment of Air India

Reeling under more than Rs 50,000 crore debt, AI is a risky investment for the Mahindra Group.

Recently Tata Group had shown interest to buy the airline and informed the Civil Aviation Ministry about it. As per sources the government is keen on selling 100% stake.​

ALSO READ: Tata Group May Buy Major Stake in Air India

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| Edited by: Bijaya Das
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