Air India’s bidders’ names to be confidential, says FinMin

NEW DELHI : The identity of potential Air India bidders will remain confidential with the transaction adviser and may be shared in national interest with specific agencies only on government advice, the department of investment and public asset management (DIPAM), which works under the finance ministry, said.

EY is the government’s transaction adviser to manage the Air India divestment process.

“Each of the potential bidders will be assigned a code by the transaction adviser. All activities including due diligence, site visits, bidding, etc, shall be performed using the code only,” DIPAM said in a statement, adding the code will be the identity of the bidder.