The Air India building at Nariman Point in Mumbai. pti
New Delhi, March 14
The Maharashtra Government has become the owner of iconic Air India building with the Union Government approving transfer of the asset on Thursday.
The Maharashtra Government bought the Air India building at Nariman Point in Mumbai for Rs 1,601 crore.
“The Government of India has approved transfer of the Air India building, Mumbai, of AI Assets Holding Company Ltd (AIAHL) to the Maharashtra Government at consideration of Rs1,601 crore. The Maharashtra Government has agreed to waive dues of Rs 298.42 crore, which would have been otherwise payable by AIAHL to the state government for this transaction,” Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management, said in a post on X.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Severe heatwave conditions in north India; at 47.4 degrees Celsius, Delhi's Najafgarh hottest in country
Temperatures remain above 45 degrees Celsius in large parts ...
Lok Sabha election 2024: Over 59 per cent polling in fifth phase; Baramulla records its highest-ever turnout
There were sporadic incidents of violence in West Bengal, be...
Gujarat ATS arrests 4 Sri Lankan nationals with IS links on mission to carry out terror activities
Acting on a tip-off, the ATS apprehendsd the accused at the ...
More trouble for AAP as ED seeks FCRA probe in Rs 7 crore foreign funding; party calls it BJP's new conspiracy
The Aam Aadmi Party dismisses the allegation as ‘baseless’
