Thursday, April 22

Air India Sale Possible to be Delayed Additional as Centre Might Not Announce Quick-listed Bidders on January 5

Air India Sale Possible to be Delayed Additional as Centre Might Not Announce Quick-listed Bidders on January 5


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The federal government delays the method of Air India divestment by delaying the January 5 deadline for announcement of bidders.

  • Information18.com
  • Final Up to date: January 01, 2021, 12:58 IST
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More delaying the Air India divestment course of action, the Centre has made the decision to remove the January 5 deadline for announcement on the shorter-detailed bidders of the nationwide carrier.

“Article completion of the evaluation of the EOls received, the Transaction Advisor will straight personal the Capable Fascinated Bidders (QIB) in relation to their qualification and the future methods for the Proposed Transaction,” mentioned the Division of Financial commitment and General public Asset Management, or DIPAM, on December 30, in the eleventh corrigendum to its invitation for expression of interest (EoI) for Air India.

The new interaction came just a day immediately after Civil Aviation Minister Hardeep Singh Puri stated that the federal government would be producing an announcement on the bidders on January 5, and information of their bids will also be furnished. The deadline to post the bids was December 29.



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