CA, insurance agent, now Air India bidder…a trail of many questions

Laxmi Prasad Palaypu, Chairman of US-based Interups Inc — who has made a series of acquisition bids through the NCLT this year and recently submitted an Expression of Interest for Air India disinvestment — says he plans to invest around $9 billion in the Indian aviation sector. A scrutiny of the deals the company claims to be ‘pursuing’ in India, however, shows a patchy, if not a poor, record.

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Categories: Air India Dec 2020