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Only Tata, Spicejet now in the fray for Air India


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. ....

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Air India employees' consortia disqualified from bid; Tatas & Ajay Singh among those in race now


NEW DELHI: The race for acquiring Air India is fast narrowing down, with the Tata Group and SpiceJet promoter Ajay Singh among the few left in the bid to take over the airline. A section of Air India employees led by the airline’s director (commercial) Meenakshi Mallik has not made it to the list of qualified bidders.
“We were informed (by transaction advisor Ernst and Young LLP India) on Sunday that we did not make it,” Mallik told TOI on Monday. AI founder Tatas are seen as most likely to re-acquire it, being the only financially strong player in the fray. ....

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Interups forms joint venture with Bansal Group to upgrade the Habibganj Railway Station


Interups forms joint venture with Bansal Group to upgrade the Habibganj Railway Station
March 05, 2021
Interups buys 49 per cent stake in the Bansal Pathways Habibganj Pvt Ltd
Interups has inked a ₹950-crore joint venture deal with the Bhopal-based Bansal Group. Through this deal, Interups will get 49 per cent stake in the Bansal Pathways Habibganj Private Ltd. The joint venture will focus on upgrading the Habibganj Railway Station.
This is a PPP model initiative through which India will get its very first private railway station, Habibganj, Bhopal (Madhya Pradesh) is all set to become a swanky commercial hub with shops, offices and hotels. ....

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