Financial bids for the sale of the government’s entire stake in the state-owned carrier Air India are likely to be in by September 15, Parliament was informed on Thursday.
The government also informed the House that Cairn Energy’s and Devas Multimedia’s lawsuits in the US District Court for Southern District of New York seeking declaratory and money judgment against the national carrier as an alter ego of the government of India won’t impact the ongoing disinvestment process of the airline.
