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US fund Interups enters Indian skies with 49% stake purchase in Trujet

US-based fund Interups will pick up 49 per cent stake in Trujet, the companies announced in a joint statement today. The exact investment sum is yet to be finalised.
Trujet began operations as a regional airline in 2015 and now serves 21 destinations with seven ATR-72 aircraft. The investment will help fund the airline’s expansion and mark Interups’ foray in Indian aviation.
The airline has faced operational challenges in the past due to intermittent funding from its promoters leading to lack of spares and engines, industry sources said. Megha Engineering and Infrastructure Limited (MEIL) is majority owner of the airline.
Interups has been promoted by chartered accountant Laxmi Prasad, a native of Andhra Pradesh. Earlier it had bid for Air India but withdrew its offer as the airline’s employees were unwilling to join hands for the bid. Interups has also bid for several stressed assets including Lavasa Corporation, Asian Colour Coated Steel and Reliance Naval. ....

Laxmi Prasad , Infrastructure Limited , Air India , Lavasa Corporation , Asian Colour Coated Steel , Airasia India , Airlines Latest News , Airlines Latest Updates , லக்ஷ்மி பிரசாத் , உள்கட்டமைப்பு வரையறுக்கப்பட்டவை , அேக இந்தியா , லாவாசா நிறுவனம் , ஆசிய நிறம் பூசப்பட்ட எஃகு , விமான போக்குவரத்து , விமான நிறுவனங்கள் சமீபத்தியது செய்தி , விமான நிறுவனங்கள் சமீபத்தியது புதுப்பிப்புகள் ,

Interups says it has Rs 13,500 cr ready for Air India.

Air India/ representational image
Interups, a US-based fund on Tuesday said it has Rs 13,500 crore as available capital for investment in Air India. The company is all set to invest billions of dollars in the Indian aviation sector, as reported by a Business Standard today.
With a market capitalisaton of only $28 million, the US OTC-listed firm has already bid for several bankrupt companies in India including Lavasa Corporation, Asian Colour Coated Steel and Reliance Naval.
It has not won a single company yet and lenders say they want to see how Interups will arrange for funds for its acquisitions in India before taking any call on its bids. ....

Infrastructure Investment Trust Inv , Air India , Lavasa Corporation , Interups Incorporated , Business Standard , Asian Colour Coated Steel , Infrastructure Investment Trust , Tata Sons , உள்கட்டமைப்பு முதலீடு நம்பிக்கை அழைப்பிதழ் , அேக இந்தியா , லாவாசா நிறுவனம் , வணிக தரநிலை , ஆசிய நிறம் பூசப்பட்ட எஃகு , உள்கட்டமைப்பு முதலீடு நம்பிக்கை , டாடா மகன்கள் ,

Interups says it has Rs 13,500 cr ready for Air India, can invest billions

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Air India Disinvestment | Interups Says It Has Rs 13,500 Crore Ready, May Invest 'billions Of Dollars'

Air India disinvestment | Interups says it has Rs 13,500 crore ready, may invest billions of dollars
Interups is even planning to hold 49 percent stake after the Union government sells its stake, as Air India employees have bid for 51 percent stake.
December 15, 2020 / 06:15 PM IST
The government has offered for sale its 100 percent stake in AI and AI Express and the entire 50 percent in ground handling joint venture AI-SATS
With the deadline for submission of formal bids closed at 5 pm on December 14, US-based fund Interups stated that it has Rs 13,500 crore as available capital for investment in Air India. The US OTC-listed firm even noted that it is ready to invest billions of dollars in the Indian aviation sector. ....

Asia Berhad , Laxmi Prasad , Department Of Investment , Air India , Lavasa Corporation , Asian Colour Coated Steel , Chairman Laxmi Prasad , Infrastructure Investment Trusts , Airasia Berhad , Airasia India , Tata Sons , First Refusal , Public Asset Management , லக்ஷ்மி பிரசாத் , துறை ஆஃப் முதலீடு , அேக இந்தியா , லாவாசா நிறுவனம் , ஆசிய நிறம் பூசப்பட்ட எஃகு , தலைவர் லக்ஷ்மி பிரசாத் , உள்கட்டமைப்பு முதலீடு அறக்கட்டளைகள் , டாடா மகன்கள் , பொது சொத்து மேலாண்மை ,