In a boost to its efforts to disinvest stake in Air India, the Centre said Monday that it has received “multiple expressions of interest” for the debt-laden airline. These include bids from the Tata Group and a consortium comprising several of the airline’s employees and a US-based investment firm, sources told The Indian Express.
The deadline for submission of formal bids closed at 5 pm Monday and the Government is expected to notify the qualified bidders on January 5. This is the Government’s second attempt at disinvesting its stake in the airline after the previous move in 2018 ended up without a bid.
