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Air India sale: Govt gets a surprise bid for national carrier, who s it?

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.

With Strategic Investors, Indian American-Run Interups Inc is Now in Fray for Air India

NEW DELHI – Backed by strategic investors from the U.S. and Europe, Interups Inc. – led by Indian American entrepreneur Laxmi Prasad – Dec. 15 submitted a joint “expression of interest” with Air India employees for the government’s stake in the national carrier Air India. Prasad, chairman of Interups Inc., said: “We 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 ‘InvITs,’ while operational assets will be kept with the company. We foresee a lean management styled company.”

Kanti Commercials led consortium with group of 209 Air India employees puts in EoI

Kanti Commercials led consortium with group of 209 Air India employees puts in EoI
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