Govt mulls selling 100% stake in debt-laden Air India after flop attempt

Latest attempt to sell 76% of the airline drew no suitor

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 ...