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Laxmi Prasad: Air India bidder who tried to buy everything under the sun

Prasad is putting his financial muscle behind the employees' resolve to run the airline

Laxmi Prasad, Interups
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Laxmi Prasad, chairman, Interups Inc

Sai Manish New Delhi
Buying Air India doesn’t seem to have been on Laxmi Prasad’s mind till January 30, 2020. On that day, Interups Inc, a New York-based firm owned by the NRI chartered accountant-turned-businessman engaged one of India’s top corporate lawyers, Zia Mody, to start the process of due diligence for buying Air India.
 
Almost a year down the line, Prasad’s firm, 70 per cent of whose equity is held by NRIs, is bidding for Air India in a consortium comprising several hundred employees of the national airline. Prasad is putting his financial muscle behind the employees’ resolve to run the airline. And

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First Published: Dec 18 2020 | 6:10 AM IST

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