By siliconindia | Monday, 08 March 2021, 04:43 Hrs Only the Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development. The bids have been rejected after the evaluation of the expressions of interest (EoI) where multiple bids were received. The transaction advisors have been in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders. Apart from Tata Sons and Spicejet, Tata Sons and the New York-based Interups Inc backed by strategic NRI investors from the US and Europe are said to be the interested bidders for the national carrier.
Tata Sons, Spicejet in the race for Air India, after employees’ consortium was disqualified
IANS
According to news reports,
Air India’s divestment advisors have rejected other bids, and only the Tatas and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped flag carrier.
A group of 209 employees of Air India had also put in a bid. And while confirming the news, Air India’s Commercial Director Meenakshi Malik told Moneycontrol that the consortium hadn t made it to the next round of divestment.
Media reports further indicated that Essar,
Pawan Ruia of Dunlop and Falcon Tyres had also put in bids for Air India however, the bids have been rejected.After the consortium of Air India employees backed by NRI businessman Laxmi Prasad and his New York-based Interups Fund was disqualified only the Tata Group and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped Air India, according to news reports.
Only Tata, Spicejet now in the fray for Air India - INDIA New England News indianewengland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianewengland.com Daily Mail and Mail on Sunday newspapers.
Only the Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development.The bids have been rejected after the evaluation of the expressions .