Air India sale: EoI deadline extended to August 31

By: |
Published: June 28, 2020 5:45 AM

The government has invited EoI for AI by way of the transfer of management control and sale of 100% equity share held by the Centre.

The strategic sale would also include AI’s shareholding interest of 100% in Air India Express.

For the third time, the Centre has extended the last date for submission of expression of interest (EoI) for strategic disinvestment of Air India to August 31, in view of the prevailing situation arising out of Covid-19.

Also, it will now intimate the qualified bidders on September 14. A preliminary information memorandum for inviting EoI was issued on January 27, followed by a corrigendum and certain clarifications.

The government has invited EoI for AI by way of the transfer of management control and sale of 100% equity share held by the Centre. The strategic sale would also include AI’s shareholding interest of 100% in Air India Express and 50% in Air India SATS.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Lockdown impact: Sobha’s Q1 sales bookings down 37 pc at Rs 488 cr
2Indians set to buy food online rather than dine-in; cloud kitchens may become $2 bn industry in four years
3Paytm set to enter general insurance space; Vijay Shekar Sharma to acquire 100% stake in Raheja QBE