Lack of clarity on debt, assets complicates Air India sale
There were rumours earlier that Adani and Hinduja groups were planning to participate in the Air India bids. The government plans to wrap up the disinvestment process in the second half of 2021
Nevin John | March 14, 2021 | Updated 22:08 IST
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As the central government gears up to start the financial bidding process for Air India s disinvestment from April, those in the fray are yet to get clarity on the quantum of debt and assets, which will be part of the takeover. Another worry is about the conditions the government will assert regarding payment schedule and people.
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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.