Life Insurance Corporation (LIC) of India and the Maharashtra state government are bidding for beleaguered Air India’s iconic Nariman Point headquarters in Mumbai, the Times of India reported.
“So far, only LIC and the state government of Maharashtra (have submitted their bids),” aviation secretary R N Choubey told the newspaper on Monday evening after the deadline lapsed.
It is not yet clear whether the government will go ahead with the LIC and Maharashtra government bids, or extend the deadline to allow more bids, said the report.
The debt-laden carrier had issued a tender notice on December 10 inviting bids from “government entities only for sale of lease hold rights of the land and its iconic AI building at Nariman Point, Mumbai.” The deadline for submitting the sealed bids was 2.30 PM on December 31.
01/01/19 CNBC-TV18
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“So far, only LIC and the state government of Maharashtra (have submitted their bids),” aviation secretary R N Choubey told the newspaper on Monday evening after the deadline lapsed.
It is not yet clear whether the government will go ahead with the LIC and Maharashtra government bids, or extend the deadline to allow more bids, said the report.
The debt-laden carrier had issued a tender notice on December 10 inviting bids from “government entities only for sale of lease hold rights of the land and its iconic AI building at Nariman Point, Mumbai.” The deadline for submitting the sealed bids was 2.30 PM on December 31.
01/01/19 CNBC-TV18
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