Billionaire Gautam Adani’s energy and infrastructure conglomerate is considering bidding to buy Air India and is pouring into bid documents before finalising a plan, sources said. The government is offering to sell its entire holding in the loss-making carrier along with its entire interest in its low-cost arm and 50 per cent in the ground handling unit.
Sources with knowledge of the development said the mergers and acquisition (M&A) team of Adani Group is scrutinising Air India bid documents and the interest was at a preliminary stage. Bidding, they insisted, would depend on the due diligence.
