While the EoI (expression of interest) clearly states that the national carrier will go to the highest bidder, the government will also consider the financial condition of the prospective buyer before finalising the winner
Ajay Singh keen on Air India? SpiceJet promoter shows interest in carrier
Air India stake sale: Ajay Singh co-founded SpiceJet in 2005 and then sold it to Kalanithi Maran in 2010. He returned in 2015 to turn around the ailing airline
BusinessToday.In | February 22, 2021 | Updated 16:35 IST
Air India sale: Ajay Singh reportedly interested in carrier
SpiceJet promoter Ajay Singh and two other investors are said to have shown interest in acquiring Air India. Singh is interested in buying 100 per cent in Air India in personal capacity. He is likely to be supported by investors, one of which is a foreign fund.
It is one of the multiple overtures the government has said it has received, as mentioned in a report in The Economic Times. A person in the know told the daily that if the airline goes to this group then it is unlikely that Singh would be the largest shareholder.
Congress questions Centre on hiding names of Air India bidders; govt cites rules change
The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders of Air India who have responded to and have been cleared in the evaluation of Expression of Interest
Poulomi Saha | February 6, 2021 | Updated 21:28 IST
Air India disinvestment
The Congress party has asked Modi government to disclose the names of entities who have bid for state-owned carrier Air India. Congress MP Manish Tewari on Thursday asked an unstarred question in Parliament seeking details of the eleventh corrigenda issued by the Ministry of Civil Aviation in relation to the sale of Air India. The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders (QIBs) of Air India who have responded