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Air India privatisation deal unlikely to conclude this fiscal SECTIONS Last Updated: Dec 21, 2020, 10:19 AM IST Share Synopsis 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 deadline on December 14. Maharaja on sale: Will Air India divestment take off this time? NEW DELHI: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata G...

Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India. 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 deadline on December 14. The Transaction Advisor will inform the qualified bi...

Due to app glitch 42 food delivery riders arrive with same order at same home India's national carrier, Air India is likely to miss its deadline for this financial year for its privatisation as the process is expected to take more than estimated time by the government. Last week, the preliminary bid of the 'Maharajah' witnessed major players including salt-to-software conglomerate Tata Group and US-based fund Interups Inc participating.  By January 6, the Transaction Advisor will notify the eligible bidders who will be given access to Air India's Virtual Data Room (VDR), an official said. Th...

Air India privatisation likely to conclude in next fiscal The government is selling its entire 100 per cent stake in Air India. The national carrier has been in losses since its merger with domestic operator Indian Airlines in 2007 BusinessToday.In | December 20, 2020 | Updated 18:31 IST State-owned carrier Air India is likely to conclude privatisation in the next fiscal as the divestment process may take a little over three months of 2020-21, said an official. "The Transaction Advisor will inform the qualified bidders by January 6 following which the bidders will be given access to virtual...

Air India privatisation unlikely to conclude this fiscal year Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among 'multiple' entities that put in preliminary bids last week for buying loss-making carrier Air India. Share Via Email   |  A+A A- By PTI NEW DELHI:  Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in...