Air India privatisation: Centre to invite financial bids by March-end
The shortlisted entities might be given time till June or early July to furnish their financial bids. After the bids are locked, the stake sale will take another 3-4 months to finalise after evaluation of the bids
- Mar 11, 2021,
- Updated Mar 11, 2021 10:27 PM IST
Central government is reportedly planning to invite financial bids for privatisation of national carrier Air India by the end of this month. The plan is to wrap up the disinvestment process in the second half of the current calendar year.
The shortlisted entities might be given time till June or early July this year to furnish their financial bids, reported CNBC-TV18. After the bids are locked, the sale of Air India will take another 3-4 months to finalise after evaluation of the financial bids.
Earlier this week, the consortium of Air India employees was disqualified from the disinvestment process. The consortium was being led by Air India Commercial Director Meenakshi Malik, who informed the employees of the development in a letter.
Central government is reportedly planning to invite financial bids for privatisation of national carrier Air India by the end of this month. The plan is to wrap up the disinvestment process in the second half of the current calendar year.
The shortlisted entities might be given time till June or early July this year to furnish their financial bids, reported CNBC-TV18. After the bids are locked, the sale of Air India will take another 3-4 months to finalise after evaluation of the financial bids.
Earlier this week, the consortium of Air India employees was disqualified from the disinvestment process. The consortium was being led by Air India Commercial Director Meenakshi Malik, who informed the employees of the development in a letter.