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Wipro 401.70↑7.60(1.93%)

Bombay Burmah Corporation makes Rs 1,866 cr provisions on Go Air investment

The company owns 33% stake in GoAir Airlines Ltd, which operates "Go First" airline, while the rest is held by unlisted holding companies of the Wadia group

Dev Chatterjee Mumbai

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Photo: Bloomberg

2 min read Last Updated : May 28 2023 | 10:04 PM IST

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The holding company of the Wadia group, Bombay Burmah Trading Corporation (BBTCL), has fully provided for its exposure in the bankrupt GoAir Airlines, with a sum of Rs 1,865.66 crore for FY23. This provision in respect of its investments made in Go Airlines (GoAir) and

other related financial obligations (excluding share of loss in Go Air during the year).

The company owns 33 per cent stake in GoAir Airlines Ltd, which operates "Go First" airline, while the rest is held by unlisted holding companies of the Wadia group.