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Business Standard

Govt won't disclose names of Air India bidders after DIPAM's rule change

Under earlier protocol, had to inform qualified bidders by Jan 5; alteration came into effect after Transaction Adviser EY said it did not want any deadline

Topics
Centre | Air India | Air india privatisation

Arindam Majumder  |  New Delhi 

Air india
Industry sources said that the move will favour Tatas which has not yet finalized its consortium structure through which it intends to bid for Air India.

The government has eliminated the need to disclose the name of entities who have bid for state-owned carrier Air India by any specified time. According to the existing rules of Air India sale process, the government had to inform qualified bidders about the names by January 5.

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First Published: Thu, December 31 2020. 19:13 IST

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