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Interups close to buying majority stake in Trujet
March 02, 2021
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu×
US-based fund also backs Megha Engg for Shipping Corp bid
US-based Interups Inc is close to signing an agreement to buy a majority stake in Trujet a scheduled regional carrier holding a scheduled commuter operator permit from Hyderabad-based Megha Engineering & Infrastructures Ltd, multiple sources said.
The New York-based fund, led by Indian-born Laxmi Prasad, has also backed Megha Engineering & Infrastructures, which had submitted an expression of interest (EoI) for the privatisation of state-run carrier Shipping Corporation of India Ltd on Monday.
Department of Investment and Public Asset Managment (DIPAM) Secretary Tuhin Kanta Pandey on Monday said that multiple Expressions of Interest (EoIs) have been received for privatisation of Shipping Corp.