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INDIA GOVERNMENT BLOCKS HINDUJA BROTHERS IN AIR INDIA STAKE ACQUISITION

NEW DELHI, INDIA, The Indian government blocked a bid to buy a 40 percent stake in Air India by the controversial Hinduja brothers, the UK-based billionaires, on grounds of national security. The Indian governments decision leaves the field clear for the Tata Group, who are allied with Singapore Airlines, as another contender, Videocon Interntational, was also barred on "economic grounds." THe...

AVIONEWS - World Aeronautical Press Agency - 15138
Rome, Italy, 07/09/2001 15:24
AVIONEWS - World Aeronautical Press Agency

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