TIWN
New Delhi, Feb 24 (TIWN) With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.
According to highly placed sources group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and that the discussions are still in the preliminary stage.
If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals.
It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvanathapuram and Mangaluru in 2019.
On being contacted by IANS, the company did not comment on the matter.
Air India is one of the most important divestment target for the current fiscal to reach the huge Rs 2.1 lakh crore target.
The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.
- SpiceJet denies KAL Airways' Rs 1,323 cr claim, labels it 'legally baseless'
- Food regulator finds no trace of ethylene oxide in Indian spices
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses