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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. ....

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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.” ....

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