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Government to divest complete management control in AI: Official

IANS  |  New Delhi 

The plans to off-load 76 per cent stake and management control of Air India through the process, a senior said on Friday.

"With all humility, I would like to say, people have not gone through the EoI (Expression of Interest) properly," (DIPAM) said to a query at the 13th edition of CNBC-TV18 'India Awards' about the government retaining a 24 per cent stake after the of the

"It very clearly says, we are transferring full management control to a 76 per cent stake. This 24 per cent stake is not really indicating any sort of indirect management, intervention or control in the new entity."

On March 28, the government issued the Preliminary Information Memorandum (PIM) for the strategic of AI, along with the airline's shares in (AIXL) and AISATS (Air India SATS Airport Services).

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 06 2018. 22:52 IST
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