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AI’s disinvestment delayed?

By Indian Mandarins- 10 Nov 2019
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Air India’s disinvestment is likely to be delayed further as the expression of interest (EoI) for bidders will be issued in the first week of January, 2020. However, the earlier plan was to issue EoI during the current calendar but the government is taking more time to prepare an attractive deal for prospective buyers.

It is expected to be in place by the time potential investors return from their Christmas vacation. Interactions held with transaction advisor EY have shown there’s an interest among major business houses in the deal. Significant interest has been shown among large companies to acquire the airline.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.