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
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Kanti Commercials led consortium with group of 209 Air India employees puts in EoI
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A Delhi-based company, Kanti Commercials is leading the consortium along with Fragment Nivesh and Enormous Nivesh who have bid along with 209
employees of Air India for the national carrier.
In its
expression of interest (EoI) for Air India, Kanti Commercials has said, We are very much eligible to bid for the disinvestment programme of Air India and have expertise in for turning around sick industrial
enterprises into profitable ones . For the past many years, we
have completed many such acquisitions and achieved great success. We are in touch with a team of professional advisors and specialists who can
help us revive sick units into profitable ones , the EoI said.