Mumbai: National carrier Air India is in the final stages of striking a deal with a leading public sector bank for selling four flats at the posh Sterling Apartments on the Peddar Road in South Mumbai.
The deal, if gets through, is expected to fetch Rs 100 crore to the carrier's coffers, sources close to the development said.
"We are finalising the deal with the bank. We are hopeful of raising around Rs 100 crore from the sale of these four flats," Air India sources here.
The sources, however, did not divulge the name of the bank Air India is negotiating but added, "we are negotiating with a public sector lender."
Air India had last year floated bids for e-auctioning of the four of its six flats at the posh Sterling Apartments on the Peddar Road in South Mumbai, measuring around 8,100 sq ft carpet area.
13/01/14 PTI/Financial Express
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The deal, if gets through, is expected to fetch Rs 100 crore to the carrier's coffers, sources close to the development said.
"We are finalising the deal with the bank. We are hopeful of raising around Rs 100 crore from the sale of these four flats," Air India sources here.
The sources, however, did not divulge the name of the bank Air India is negotiating but added, "we are negotiating with a public sector lender."
Air India had last year floated bids for e-auctioning of the four of its six flats at the posh Sterling Apartments on the Peddar Road in South Mumbai, measuring around 8,100 sq ft carpet area.
13/01/14 PTI/Financial Express
