Air India sale offer may be finalized by month-end

NEW DELHI : The expression of interest (EoI) document for privatizing state-owned Air India Ltd is likely to be finalized by November-end, two people familiar with the matter said, requesting anonymity.

A core group of secretaries led by cabinet secretary Rajiv Gauba on Thursday discussed the privatization of the national carrier. The EoI document was expected to be finalized at the meeting, but has now been delayed, said the people mentioned above.

“The core group of secretaries on divestment will meet again to finalize the EoI document,” the first person said. “Once the EoI document is finalized by the core group of secretaries, the final approval will be given by the ministerial panel headed by home minister Amit Shah,” he added.