Friday, October 06, 2017

Government may sell Air India this fiscal if finds suitable buyer

The government may sell flagship carrier Air India this fiscal itself if it finds a suitable buyer, according to official sources.

The government, they said, also expects to meet its disinvestment target as there are a number of companies in the pipeline.

Various companies including GIC, New India Assurance will go for listing while strategic disinvestment of Pawan Hans and NPCIL will help meet the government its ambitious target of Rs 72,500 crore for the current fiscal. Besides, the merger of HPCL and ONGC will also add to the kitty.

Earlier in the day, a ministerial panel, headed by Finance Minister Arun Jaitley, conducted a meeting to review the progress of strategic disinvestment of various state-owned companies of key ministries.
05/10/17 PTI/Economic Times

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