Government looks to sweeten Air India sale deal, discusses proposals for prospective bidders
New Delhi: The government has decided to go ahead with the process to divest stake in Air India and is discussing proposals to further sweeten the deal for prospective bidders by allowing some relaxations along the bidding process.
However, any significant reduction in debt has been ruled out, government sources told ET. Senior government officials said there are some options, including allowing interested parties to bid based on the enterprise value, being considered but a significant reduction in debt was unlikely.
