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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.”

United statesLaxmi prasadAmit kumar joshiInterups incAir indiaExchange board of indiaRegistrar of companiesKanti commercials privateIndian americanExchange boardWest staff reporterKanti commercialsFragment niveshEnormous niveshSpecial purposeCommercials private limited