Friday, January 15, 2021

Centre May Intimate Qualified Bidders for Air India by January 30

The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said. The government was to intimate the bidders by January 5.

People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.

The second phase of the strategic disinvestment of Air India was scheduled to start on January 5 with the announcement of the names of the qualified bidders.

Tata Sons and the New York-based Interups Inc backed by strategic NRI investors from the US and Europe are said to be the interested bidders for the national carrier.

DIPAM Secretary Tuhin Kanta Pandey had earlier said that the government has received multiple expressions of interest for the strategic disinvestment of Air India.

The process has been divided into two stages. In stage I, expressions of interest have been submitted by the interested bidders and they will be shortlisted based on the eligibility criteria and other terms mentioned in the Preliminary Information Memorandum (PIM).

15/01/21 IANS/

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