New Delhi: The government Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17.
The government had allowed access to the ‘virtual data room’ of Air India to interested bidders late in February and allowed them further time till March 6 to pose queries.
Home Minister Amit Shah-led ministerial panel on Air India decided on extending the deadline for submission of expression of interest (EoI) by interested bidders till April 30.
While extending the date, the Department of Investment and Public Asset Management (DIPAM) in a notification said ‘the changes are in view of the requests received from the IBs (interested bidders) and the prevailing situation arising out of COVID-19’.
In January, the government restarted the divestment process of Air India 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.
The government had January 27 issued the preliminary information memorandum (PIM) inviting EoI for sale of 100 per cent stake in Air India.
PTI
