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CA, insurance agent, now Air India bidder…a trail of many questions Information accessed from the Registrar of Companies shows that Palaypu has been a director in three companies. Two of these, Lakhi Investment Management Services and ISBN Securities Pvt Ltd, have already been struck off. Updated: December 17, 2020 1:37:17 pm This is the Government’s second attempt at disinvesting its stake in the airline after the previous move in 2018 ended up without a bid. LAXMI PRASAD PALAYPU, Chairman of US-based Interups Inc — who has made a series of acquisit...

Air India sale: In their bid, the employee consortium seeks to prove dissenters, and history, wrong Air India's pilots and crew members seem to have stayed away from the consortium. Also, few employee-led buyout have succeeded in aviation. December 18, 2020 / 08:50 PM IST The employee consortium bidding for Air India has raised curiosity, with many a question that have remained unanswered. It is also up against history, with few similar buyouts of airlines by their employees turning out to be fruitful. The consortium, led by Meenakshi Malik - Air India's Commercial Director -  has manged ...

India’s government has received “multiple expressions of interest” in buying its 100% stake in debt-laden national carrier Air India. A sale would shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday and the government is expected to announce qualified bidders on January 5. It did not reveal the identity of the bidders or the number of bids received. Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second ...

India receives bids to buy state-owned Air India airline by The Associated Press Last Updated Dec 16, 2020 at 8:28 am EDT FILE - In this April 29, 2011 file photo, passenger jets from Air India, India's national carrier, stand at Indira Gandhi International Airport in New Delhi, India. India’s government says it has received “multiple expressions of interest” in buying its 100% stake in the debt-laden national carrier Air India to shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday, De...

NEW DELHI (AP) — India’s government says it has received “multiple expressions of interest” in buying its 100% stake in debt-laden national carrier Air India to shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders. The deadline for submission of formal bids was Monday and the government is expected to announce qualified bidders on Jan. 5. It did not reveal the identity of the bidders or the number of bids received. “Multiple expressions of interest have been received for strategic disinvestment of Air India. The transaction will now mov...