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Govt to infuse Rs 2,000 crore into Air India
Last updated on: December 7, 2012 13:20 IST
India will infuse Rs 2,000 crore (Rs 20 billion) in equity into ailing state-run carrier Air India as part of a turnaround and financial restructuring plan, a government statement said on Friday.
Last year, the government approved a $5.8 billion bailout plan for the national carrier. The latest equity infusion is part of that plan.
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© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.