 "Air India, Privatisation")
With no bidders showing up even on the last day of submitting expression of interest to buy a controlling stake in Air India on Thursday, the Department of Investment and Public Asset Management (Dipam) and the Ministry of Civil Aviation are trying to make sense of the disconnect between the hype created before the deadline and the actual result.
Officials involved in the Air India privatisation process say that till the very last day, before the 5 pm deadline, transaction advisor EY sounded confident that there would be bids.
Early next week, the core group of secretaries in disinvestment, led by Cabinet
