Thursday, April 13, 2006

A single Initial Public Offer (IPO) for the merged entity of Air India and Indian Airlines

With the government deciding to go ahead with the merger of national carriers Indian Airlines and Air India, various options to raise resources for them are being considered including issuing a single Initial Public Offer (IPO) for the merged entity.
The Civil Aviation Ministry has started receiving reports from merchant bankers, including on the issuance of a single IPO against the separate IPOs contemplated earlier.
However, no final decision has been taken on the matter yet, senior officials said here, adding that the reports and recommendations were being studied.
Replying to questions on the issue, Civil Aviation Minister Praful Patel reiterated that the government has decided to merge the two airlines in 2006 but said no decision has been taken on a single IPO for the merged entity.
12/04/06 India Daily, NJ
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