 "Air India")
The government is considering revising the terms of sale for Air India, including offering a 100 per cent stake, after its latest attempt to sell 76 per cent of the debt-ridden airline failed to draw even a single bid.
Transaction advisor EY has cited the clause of the government holding a minority stake in the state carrier as the biggest reason for the failed disinvestment bid.
“We are looking at changes to the privatisation. We have a 24 per cent ownership clause, till we change it,” said a senior official involved in the process.
The development comes after the government
