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Multiple bidders in the race to buy Air India: Govt BySatish NandgaonkarSatish Nandgaonkar / Updated: Dec 15, 2020, 06:00 IST Air India employees and management submit bids. Tata Group and US-based fund Interups Inc are among the ‘multiple’ entities who put in their preliminary bids for buying loss-making carrier Air India on Monday. A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadlin...

Stocks in Focus on December 15: Kotak Mahindra Bank, HCC, Honda India Power, Air India to Burger King India; here are the 5 Newsmakers of the Day © Provided by Zee Business Key domestic indices managed to end the volatile session with decent gains on Monday, December 14, 2020. S&P BSE Sensex rose 154.45 points or 0.34 per cent to settle at 46,253.46. The NSE Nifty 50 index added 44.30 points or 0.33 per cent to settle at 13,558.15. But certain stocks came in news after the market was closed. ...

The NRI entrepreneur with a $9 billion cheque. Some of it is for Air India His US-based fund Interups Inc has submitted Expression of Interest for Air India. December 15, 2020 / 05:47 PM IST The government has offered for sale its 100 percent stake in AI and AI Express and the entire 50 percent in ground handling joint venture AI-SATS Laxmi Prasad learnt an important lesson during his stint as a premier agent at Prudential Financial in the US. He had moved to the US after a very successful...

Tatas, Interups Among "Multiple" Bidders for Air India The Tata Group and US-based Interups Inc. are among other bidders who have expressed interest in buying government stake in Air India. An Air India aircraft. Photo: Reuters Government15/Dec/2020 New Delhi: Salt-to-software conglomerate Tata Group and US-based fund Interups Inc. were among “multiple” entities that put in preliminary bids for buying loss-making carrier Air India, on Monday. A group of 219 Air India employees submitted an ...

ETMarkets Morning Podcast (ET Online) Nifty to touch 15,000 by Dec 2021? 06:21 Min | December 15, 2020, 9:11 AM IST Heres a head up to some of the news we are tracking at this hour. Tune in! Tags Transcript Hi there! Welcome to ETMarkets Morning, the show about money, business and markets. I am Nandini Sanyal, and here is what we have to start your day. >> Oaktree said to be ahead in final bids for DHFL >> Tatas, many others make bid for Air India >> Sebi set to tweak overseas listing rules AN...

Tata Sons has emerged as a front runner to take over 100 per cent stake in the stressed national carrier Air India, sources involved in the sale process said on Monday after the expression of interest (EoI) deadline ended. There were other suitors as well including a consortium of Air India employees and US-based fund Interups. Along with 100 per cent stake in the airline, the government is also selling its low-cost subsidiary Air Indian Express. “Multiple expressions of interest have been...

Mumbai: A group of 219 Air India employees submitted a bid to purchase 51 per cent of the loss-making state-owned carrier. The remaining will be held by a financial partner, according to Meenakshi Malik, who is Air Indias commercial director and has been with the airline for about 30 years. Each employee will have to contribute at least 100,000 rupees ($1,360) toward the bid. Air India has been on sale since 2017 when Indian Prime Minister Narendra Modis cabinet signed off on a plan to sell all...

Highlights The bidding process for the debt-ridden airline has been postponed four times earlier and of October 30 deadline is changed now Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd Air India disinvestment will be a key component of this years sell target of Rs 2.1 lakh crore New Delhi: A group of 219 Air India (AI) employees has submitted the Expression of Intent (EOI) to purchase a stake in the loss-making national airline, acc...

Air India sale: Tatas, Interups among multiple bidders, says Govt The government is selling its entire 100 per cent stake in Air India that has been in losses ever since its 2007 merger with domestic operator Indian Airlines PTI | December 14, 2020 | Updated 23:04 IST Air India started as a mail carrier in 1932 Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that on Monday put in preliminary bids for buying loss-making carrier Air India. ...

Explained: Formal bids for Air India close, who will the Maharaja go to? This is the government’s second attempt at disinvesting its stake in Air India. The earlier attempt in 2018 ended badly, after not a single bid was received for the debt-laden airline. Written by Pranav Mukul , Edited by Explained Desk | New Delhi | Updated: December 21, 2020 3:06:35 pm This is the government’s second attempt at disinvesting its stake in Air India. (Source: A...