With no takers, Air India s divestment plan nosedives
Thursday - May 31, 2018 6:14 pm ,
Category : BUSINESS
With no takers, Air India s divestment plan nosedives
New Delhi May 31 (IANS) The central government s plan to divest a majority stake in the national passenger carrier Air India seems to have run into trouble as no bids were received for the cash-strapped airline.
According to the Ministry of Civil Aviation "no response" was received till 5 p.m. on Thursday which was the extended submission deadline for the Expression of Interest (EoI) bids under Air India s divestment process.
"As informed by the Transaction Adviser no response has been received for the Expression of Interest floated for the strategic disinvestment of Air India " the ministry said in a tweet.
"Further course of action will be decided appropriately."
On May 1 the government had extended the last date for EoI bid submission to May 31 2018 from May 14.
--IANS rv/bg
According to the Ministry of Civil Aviation "no response" was received till 5 p.m. on Thursday which was the extended submission deadline for the Expression of Interest (EoI) bids under Air India s divestment process.
"As informed by the Transaction Adviser no response has been received for the Expression of Interest floated for the strategic disinvestment of Air India " the ministry said in a tweet.
"Further course of action will be decided appropriately."
On May 1 the government had extended the last date for EoI bid submission to May 31 2018 from May 14.
--IANS rv/bg
