• Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story
Aryavarth News
  • Home
  • Politics
  • City News
  • Top Story
  • Editorial
Wednesday, February 8, 2023
No Result
View All Result
Aryavarth News
No Result
View All Result

Only Tata, Spicejet now in the fray for Air India

The bids have been rejected after the evaluation of the expressions of interest (EoI) where multiple bids were received.

Only Tata, Spicejet now in the fray for Air India

Air India

410
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on Telegram

New Delhi,(Aryavarth) Only the Tata Group and private airline Spicejet remain in the fray for buying Air India as all the other bids have been rejected, according to sources close to the development.

The bids have been rejected after the evaluation of the expressions of interest (EoI) where multiple bids were received.

RelatedPosts

No Content Available

The transaction advisors have been in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.

Apart from Tata Sons and Spicejet, Tata Sons and the New York-based Interups Inc backed by strategic NRI investors from the US and Europe are said to be the interested bidders for the national carrier.

DIPAM Secretary Tuhin Kanta Pandey had earlier said that the government has received multiple expressions of interest for the strategic disinvestment of Air India.

The process has been divided into two stages. In stage one, expressions of interest have been submitted by the interested bidders and they will be shortlisted based on the eligibility criteria and other terms mentioned in the Preliminary Information Memorandum (PIM).

In stage two, the shortlisted interested bidders will be provided with a request for proposal (RFP) and thereafter there will be a transparent bidding process.

A group of 209 employees of Air India had also put in a bid. Essar and Pavan Ruia of Dunlop and Falcon Tyres had also put in bids for Air India.

Tags: #airindia
SendShare38Tweet24Share

Related Posts

No Content Available
Aryavarth News

Copyright © 2022 Aryavarth Publication Pvt Ltd.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Politics
  • Business
  • World
  • Science
  • Startup
  • Health
  • Travel
  • Economy
  • Top Story

Copyright © 2022 Aryavarth Publication Pvt Ltd.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.