The government has received “multiple expressions of interest (EoI)” for Air India before the Monday, 5 pm, deadline.
Editorial Staff
Air India sale: Tatas among 'multiple' bidders NEW DELHI : The government has received “multiple expressions of interest (EoI)” for Air India before the Monday, 5 pm, deadline. The biggest name and strongest contender remains AI founder Tata Group which is learnt to have submitted its bid via AirAsia India. Others who did include a group of AI employees and a New York-based firm run by an Indian origin person. However, SpiceJet did not confirm if promoter Ajay Singh formally expressed interest in the airline. “Multiple EoIs have been received for strategic disinvestment of AI. The transaction will now move to the second stage,” the Department of Investment and Public Asset Management (DIPAM) tweeted after the deadline. Interested entities need to submit physical bids within 15 days. Those who qualify to bid for AI as per eligibility norms will be intimated on January 5, 2021. The eligible ones will then compete by bidding on enterprise value (EV) basis. This means instead of being required to take on a pre-fixed level of Rs 23,000 crore…
