The government may sell 100 per cent stake in debt-stressed Air India after it failed to receive even a single bidder in its first attempt of privatisation. Earlier, the Narendra Modi government wanted to offload 76 per cent stake, that experts believe turned out as a roadblock in the strategise disinvestment of the state-run national carrier.
Business Standard today reported that the government is considering revising the terms of sale for Air India after it failed to draw any response.
The discussion of selling 100 per cent stake began after the government’s transaction advisor for the disinvestment EY submitted a detailed analysis as to why the first attempt of sale process fell flat.
According to the report, the EY in its analysis found that the government’s offer to sell only 76 per cent and a clause to retain employees for a year turned out to be the major roadblocks in the deal. The government is expected a call based on EY’s report. Read More