Air India Privatization: Govt Seeks To Appoint Legal Advisers, Merchant Bankers


The government’s disinvestment arm is seeking the appointment of merchant bankers and legal advisers to help with the sale of Air India Ltd.

In a newspaper advertisement on Thursday, the Department of Investment and Public Asset Management (DIPAM), under the finance ministry, sought the appointment of at least one legal adviser and two merchant bankers.

DIPAM said the government will also give away the management control of Air India in the process.

“The Government of India ‘in principle’ has decided to consider the disinvestment of the AI Group as a whole or part thereof through strategic sale with transfer of management control,” DIPAM said, in its advertisement seeking proposals by 12 October. Read More…

You may also read!

Air India Sets Up 5 Project Teams For Disinvesment

Air India has set the ball rolling for its eventual strategic disinvestment by setting up five internal project teams

Read More...

Air India Privatisation: SBI Caps Hired, 5 Teams Set Up For Divestment Process

Preparing for privatisation, Air India Ltd has roped in SBI Caps to advise on the future course of disinvestment

Read More...

When History Came Full Circle: How Modi Raj Outmanoeuvred British Raj At The ICJ

History has come full circle with India, once a British colony, beating its former colonial master at an important

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu