Air India sale: Bidders to have access to all records in initial stage

Potential bidders for Air India will have access to draft share purchase agreement and all records of the airline in the initial stage of the disinvestment process itself, according to the bid document.

Besides, a due diligence report about the airline would be provided to potential bidders before the request for proposal (RFP) stage.

Generally, access to all data records and draft share purchase agreement (SPA) are provided to bidders put in their interest after the preliminary information memorandum (PIM) stage.