DIPAM extends time for clarifications on Air India divestment
NEW DELHI : The Air India sell-off could be further delayed as the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.
The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.
Any delay in the tentatively rolled out timeline would also delay the DIPAM’s plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than 2 months after the selection of the pre-qualified bidders to complete Air India’s sale.
