Government Issued bid document to sell 100 percent stake in Air India

Government Issued bid document to sell 100 percent stake in Air India

On Monday government has issued a bid document in which they announced the sale of 100 percent of Stake in Air-India and given March 17 as the deadline for submitting EOI (Expression of Interest). as Per Bid document Air India would also sell there 100 percent stake in Air India Express and 50 percent in there (AISATS) A joint venture between Air India and Singapore Airport Terminal Services.




London Base company EY (Ernst & Young) is an adviser for Air India and help Air India for this whole stake selling and Disinvestment process.

Air India's subsidiaries Companies like Air India Engineering Services, Air India Air Transport service and Airline Allied Service and also Hotel corporation of India will be transferred to separate companies "Air India Asset Holding Ltd" and would not be part of the proposal.

(Input/Source: PTI Article "Click here to read")

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