Government invites financial bids for Air India sale check details varpat

The government has called for financial bids for the sale of Air India.

The government has called for financial bids for the sale of Air India.

The government has called for financial bids for the sale of Air India. A request has been issued to propose financial bids for the sale of Air India. Explain that the government has already made it clear that they will sell their entire 100 percent stake in Air India. So far, the outstanding debt of 60,000 crore rupees has been incurred on the company.

New Delhi. The government has called for financial bids for the sale of Air India. A request has been issued to propose financial bids for the sale of Air India. CNBC-TV18 has quoted sources as saying that the Share Purchase Agreement (SPA) for the Air India deal will be shared with interested entities. The source said that bidders interested in the sale of Air India have been given access to the virtual data room. Explain that the government is trying to shut down the loss making government airline company for the last few years.

Time till early july
According to the report, shortlisted institutions for Air India can be given time for financial bids from June or early July. It is believed that once the bids are closed, the closing of the AI ​​sales can result in a 3-4 month valuation of the financial bids. Thus, the date of completion of the process is expected after September.

Also read- In this scheme of Post Office, earn 14 lakh rupees by depositing only 95 rupees, know how?Air India subsidiaries will also be sold

Recently, there was a bid to capture Air India by a consortium of its employees led by Meenakshi Mallick, the airline’s director (commercial). However, it failed. Explain that the government is proposing to sell not only Air India but also a 50 percent shareholding in Air India Express and Air India Airport Services Private Limited.

The company has an outstanding debt of Rs 60,000 crore
Explain that the government has already made it clear that they will sell their entire 100 percent stake in Air India. So far, the outstanding debt of 60,000 crore rupees has been incurred on the company. Let us know that Air India has been incurring losses since its merger with Indian Airlines in 2007.




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