Air India sale offer Before and Now: 6 changes that may help Maharaja’s divestment take off this time
After failing to get the debt-laden Air India off its books in 2018, the government has once again put the Maharaja on the block. Making the offer more lucrative and toning-down a few requirements that bidders need to meet. In the second such attempt in two years, the government hopes for higher interest from potential bidders for India’s national airline, which is reeling under a debt of over Rs 60,000 crore. In its first attempt, Air India had failed to attract any serious bids. Here’s a look at what changes the government has made to sweeten the deal.
Entire stake goes up for grabs
Before: The preliminary information memorandum for inviting expression of interest for strategic disinvestment of Air India Limited, 2018 offered bidders a 76% stake in Air India including AI’s shareholding interest in the subsidiaries AIXL and AISATS.
