Business Standard

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

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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