Exclusive | Air India disinvestment: Tata Group and SpiceJet shortlisted for bidding, reveals Swati Khandelwal
Air India disinvestment: In a big news for Air India disinvestment, the government has reportedly shortlisted Tata Group and SpiceJet for acquiring the state-owned public carrier. It is learnt that due diligence regarding Air India acquisition will begin in a few weeks.
In a big news for Air India disinvestment, the government has reportedly shortlisted Tata Group and SpiceJet for acquiring the state-owned public carrier. It is learnt that due diligence regarding Air India acquisition will begin in a few weeks.
See Zee Business Live TV Streaming Below:
In a chat with Zee Business Managing Editor Anil Singhvi, Executive Editor Swati Khandelwal revealed that only Tata Group and SpiceJet will go into next round of bidding. "Tata Group and SpiceJet had given their expression of interest, which have been accepted by the government, facilitating Air India acquisition process. Soon they will be given invitation for financial bids. Before that due diligence, which will begin in couple of weeks, will be taken care of. This process may take 2 to 3 months," said Swati Khandelwal.
watch detail coverage in the video below:
#ZBizExclusive | एयर इंडिया के विनिवेश से जुड़ी बड़ी खबर..
एयर इंडिया को खरीदने के लिए शॉर्टलिस्ट हुए स्पाइसजेट और टाटा ग्रुप, अगले कुछ हफ्तों में शुरू होगा ड्यू डिलिजेंस- सूत्र#AirIndia #Spicejet #TataGroup @AnilSinghvi_ @SwatiKJain pic.twitter.com/bd0eDu811Q
— Zee Business (@ZeeBusiness) March 22, 2021
Air India debt has been the biggest hurdle in its acquisition and the government is trying to write off debt before handing over to private players to make it a profitable disinvestment exercise, she said. "This has been done to encourage good bidding process as we have seen in the past that private players had expressed their reluctance to acquire this state-owned public sector carrier due to debt issue. The government will try to ensure that it does not pass off the debt to private party," she added.
Anil Singhvi said one should keep an eye on SpiceJet and Tata Group as this will be one of the biggest acquisitions.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
Gold now down nearly Rs 6200/10 gm from all-time highs hit in October end: Should you wait or bet on opportunity?
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
05:44 PM IST