Tata may have emerged as the top bidder for Air India, announcement only after Amit Shah-led panel's nod

The Tata bid is about ₹3,000 crore higher than the reserve price set by the government and about ₹5,000 crore more than the bid by Singh, said the people cited above. Government sources have declined to comment on reports that have put the reserve price at ₹15,000-20,000 crore.

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