What commitments does the winning bidder make regarding employee retention?
CLEAN : India sells struggling Air India back to Tata conglomerate
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10th Grade - University
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The video discusses the transaction process involving advisors and confidentiality. Tata Sons, through their SPV Dallas Private Limited, emerged as the winning bidder with a bid of 18,000 crore. The transaction aims to close by December 2021, with the winning bidder retaining all employees for one year and offering a VRS if retrenchment is necessary in the second year.
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OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
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What options are available for employees if retrenchment occurs after the first year?
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