AI divestment bid: Air India Employees Consortium disqualified from process
AI Employees Consortium submitted an expression of interest , last year, to participate in strategic divestment of the national carrier Air India. (Image Source: File Photo)
Updated: Mar 9, 2021, 05:06 PM IST
Air India Employees Consortium, which participated in the Air India divestment bid, was disqualified from the divestment process by the Transaction Advisor to the Government of India (Ernst & Young LLP) on Monday.
AI Employees Consortium submitted an expression of interest , last year, to participate in strategic divestment of the national carrier Air India.
The Government of India has informed the AI Employees Consortium by an email on Monday that their submission for the Air India disinvestment acquisition process is not fulfilling the eligibility.
Air India Employees Consortium disqualified from AI divestment process newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Air India Employees Consortium Disqualified From Divestment Process Air India Employees Consortium Disqualified From Divestment Process Air India Employees Consortium submitted an expression of interest , last year, to participate in strategic divestment of the national carrier Air India.
Divestment of Air India is still under process
Air India Employees Consortium, which participated in the Air India divestment bid, was disqualified from the divestment process by the Transaction Advisor to the Government of India (Ernst & Young LLP) on Monday. AI Employees Consortium submitted an expression of interest , last year, to participate in strategic divestment of the national carrier Air India. The Government of India has informed the AI Employees Consortium by an email on Monday that their submission for the Air India disinvestment acquisition process is not fulfilling the eligibility.
AI employees consortium disqualified from privatisation bid
Updated:
Updated:
March 08, 2021 16:28 IST
A group of 200 employees had submitted an expression of interest in partnership with a fund based in Seychelles
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A group of 200 employees had submitted an expression of interest in partnership with a fund based in Seychelles
The Air India employees consortium has been disqualified from the bidding process for privatisation of the national carrier, according to an internal mail.
Transaction Advisor Ernst and Young wrote to the employees’ grouping on Sunday informing it of the decision, “The EOI (expression of interest) and the supporting documents submitted by you have been duly evaluated and have been found to not fulfil the eligibility requirements set out in the Preliminary Information Memorandum issued in respect of the strategic disinvestment of Air India Limited (AI) and is liable for disqualification.”