DIPAM Secretary Tuhin Kanta Pandey had earlier said that the government has received multiple expressions of interest for the strategic disinvestment of Air India.
In view of prevailing situation arising out of Covid-19, last date for submission of EOIs was extended up to December 14, 2020.
Kanti Commercials Private Ltd is a private company incorporated on April 1, 2003.
This latest development comes amid reports that airline’s employees are preparing to bid for the airline in partnership with a private equity fund and each employee will be asked to contribute Rs 1 lakh towards the bid.
'Government of India has no money, growth is less than 5% and millions of rupees outstanding under MNREGA', Kapil Sibal said attacking the central government.
This is government’s second attempt in less than two years divest its stake in the debt-laden airline, which has been bleeding money.
The deadline for submission of Expression of Interest (EoI) for 100 per cent divestment in Air India and the airline's stake in low-cost unit Air India Express and airport services company AISATS is March 17.
Finance Minister Nirmala Sitharaman has set March 31, 2020, as the deadline for Air India disinvestment.
