Mumbai-The state-owned bank SBI has received necessary approvals to buy residential properties for about Rs.90 crore of cash-starved state-owned carrier Air India in south Mumbai and planning to allocate these flats to its top executives of the rank of deputy managing directors and general managers. SBI has conveyed its willingness to buy the properties from Air India.state-owned bank SBI is now waiting for the airline to complete its side of approvals, people close to development said. Air India Ltd had been looking for buyers who can purchase its four flats at up-market Peddar Road...
Mumbai-The state-owned bank SBI has received necessary approvals to buy residential properties for about Rs.90 crore of cash-starved state-owned carrier Air India in south Mumbai and planning to allocate these flats to its top executives of the rank of deputy managing directors and general managers. SBI has conveyed its willingness to buy the properties from Air India.state-owned bank SBI is now waiting for the airline to complete its side of approvals, people close to development said. Air India Ltd had been looking for buyers who can purchase its four flats at up-market Peddar Road in south Mumbai for the last two years
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