Government has decided that successful bidding consortium Star 9 Mobility is disqualified from the process of strategic disinvestment of Pawan Hans in terms of provisions of PIM and RFP, DIPAM said
Air India sale: Govt gets a surprise bid for national carrier, who s it?
Pawan Ruia, chairman of Ruia Group has submitted an EoI (expressions of interest) to buy a 100% stake in the embattled national carrier
BusinessToday.In | February 10, 2021 | Updated 20:32 IST
The EoI was submitted under a consortium led by Kanti Commercials Private Ltd, a company associated with the Ruia Group
The government, besides two expressions of interest (EoI) for Air India, has received a surprise bid from Pawan Ruia, chairman of Ruia Group.
The businessman has submitted an EoI to buy a 100% stake in the embattled national carrier. Tata Group and an employees consortium of Air India are other entities that have expressed interest in Air India.
NEW DELHI â Backed by strategic investors from the U.S. and Europe, Interups Inc. â led by Indian American entrepreneur Laxmi Prasad â Dec. 15 submitted a joint âexpression of interestâ with Air India employees for the governmentâs stake in the national carrier Air India.
Prasad, chairman of Interups Inc., said: âWe plan to allocate 51 percent of the stake to employees, while rest 49 percent will be kept with us. We have a number of U.S. and Europe-based strategic NRI investors. If successful in acquiring the stake, we plan to off-load infrastructure assets of the airlines to an âInvITs,â while operational assets will be kept with the company. We foresee a lean management styled company.â
Kanti Commercials led consortium puts in EoI for Air India daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.