The government may be willing to completely exit loss-making Air India during the sell-off process, although a final decision will be taken by a panel of ministers, a top official indicated on Saturday.
“A general feeling (in the government) is that if people want to have full (control), let them have it. But I will be able to tell you only when a specific decision is taken. My personal view is that I do not see any conflict for the government,” department of investment and public asset management (DIPAM) secretary Atanu Chakraborty said.
The government recently restarted the process to sell Air India after putting it on hold last year due to poor response, although volatility in crude prices was cited as the reason. While Niti Aayog had proposed the sale of entire stake, the government had offered 74% stake to a strategic investor, which was seen as one of the reasons for low interest level. Read more