Financial bids for Air India likely by Sept. 15, says government
The Hindu
Centre has not revealed the names of the QIBs as yet, though it maintains that it received “multiple” expressions of interest for Air India’s privatisation.
The financial bids for Air India’s disinvestment are likely by September 15, the government informed the Lok Sabha on Thursday. “(The) Request for Proposal (RFP) along with draft Share Purchase Agreement (SPA) have been shared with QIBs (qualified interested bidders) by the transaction advisor on 30.03.2021 for submission of financial bids. The financial bids are likely to be received by 15.09.2021,” Minister of State for Civil Aviation, General (Retd) V.K. Singh, said in response to a question. The Centre has not revealed the names of the QIBs as yet, though it maintains that it received “multiple” expressions of interest for Air India’s privatisation.
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