CA, insurance agent, now Air India bidder…a trail of many questions
Information accessed from the Registrar of Companies shows that Palaypu has been a director in three companies. Two of these, Lakhi Investment Management Services and ISBN Securities Pvt Ltd, have already been struck off. Updated: December 17, 2020 1:37:17 pm
This is the Government’s second attempt at disinvesting its stake in the airline after the previous move in 2018 ended up without a bid.
LAXMI PRASAD PALAYPU, Chairman of US-based Interups Inc who has made a series of acquisition bids through the NCLT this year and recently
submitted an Expression of Interest for Air India disinvestment says he plans to invest around $9 billion in the Indian aviation sector. A scrutiny of the deals the company claims to be ‘pursuing’ in India, however, shows a patchy, if not a poor, record.