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Government Heading Towards Second Process of Air India Disinvestment


That is the central authorities’s second try at disinvesting its stake in Air India

The primary means of proposed strategic disinvestment of Air India has been accomplished and the Union Civil Ministry is heading in direction of the second course of that can start with the announcement of names of certified bidders on January 5, 2021, an official mentioned on Tuesday. Pradeep Singh Kharola, Secretary, Civil Aviation Ministry whereas addressing a press convention mentioned the 2 processes of the strategic disinvestment of Air India embody — submission of ”Expression of Curiosity”, which was accomplished on December 14, and the second course of ”Request for Proposal”.

“The strategic disinvestment of Air India is a clear two-step course of. The primary course of is the submission of ”Expression of Curiosity”, which is bidders displaying curiosity in Air India. It’s a confidential course of and as of now, a number of ”Expression of Curiosity” have been obtained. Their scrutiny course of is happening. Will probably be accomplished by January 5 and we could have eligible bidders,” Kharola mentioned.

“Within the subsequent step, eligible bidders will probably be requested for ”Request for proposal” which is nothing however monetary data of bidders. We’re heading in direction of the second stage and the primary stage is accomplished,” he added. Union Civil Aviation Minister Hardeep Singh Puri mentioned that the Division of Funding and Public Asset Administration, which comes beneath the Union Finance Ministry “will point out concerning the bidders after inspecting ”Expression of Curiosity” on January 5.”

“The bidders who will probably be shortlisted after the due standards will probably be given time of 90 days to get full data and we can even test their information,” he added. That is the central authorities’s second try at disinvesting its stake in Air India. In 2018, not a single bid was obtained for the disinvestment of Air India.

This time, the federal government has proposed strategic disinvestment of 100 per cent of its fairness share capital in Air India Restricted, which incorporates Air India”s shareholding curiosity of 100 per cent in Air India Specific and 50 per cent in Air India SATS Airport Providers. 

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