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Dispute between the company and airline escalates

April 15, 2021 Government has decided to sell its 63.75% stake in SCI to a private strategic buyer The Shipping Corporation of India Limited has hired Corporate Professionals Capital Pvt Ltd as consultant for undertaking demerger/ hive off/ transfer of non-core assets and ‘assets held for sale’ ahead of the ongoing process of privatising the State-run fleet owner. The consultant is tasked with suggesting a roadmap on the scheme of de-merger/hive off/ disposal/transfer/alienation of its non-core assets (real estate), both freehold and leasehold, from core assets for a smooth transition, e...

TruJet confirms sale of 49% stake to Interups Inc TruJet confirmed (01-Apr-2021) Interups Inc acquired a 49% stake in the LCC. TruJet plans to utilise the funds generated by the stake sale to expand its network in Want More News Like This? CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.Find Out More

Photo Credit: IANS IANSLive New Delhi, April 1 (IANS) New York-based Interups Inc has picked 49 per cent stake in Hyderabad-headquartered Turbo Megha Airways Pvt Ltd operates under the name TruJet. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 01-April-2021

Interups Inc picks up 49% stake in Trujet Updated: Updated: Share Article AAA ‘Hyderabad-based regional airline Trujet on Thursday announced 49% foreign direct investment from New York-based Interups Inc in a move that would aid in the expansion of its operations. “The funds raised through 49% FDI in the company will be utilised to expand operations pan India and explore newer opportunities in the civil aviation sector, “ said K.V. Pradeep, group director, MEIL (Megha Engineering and Infrastructures Limited) and Palepu Lakshmi Prasad, chairman of Interups Inc., in a joint statement. Th...