Air India bid deadline may be extended till Dec 15, govt to ease asset valuation norm
New Delhi: To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15.
The source said bids will be sought on an enterprise value basis – a popular valuation methodology for takeover deals.
