Government meets Air India suitors amid bids’ evaluation
Senior government officials on Wednesday met representatives of the Tata Group and businessman Ajay Singh, the twwo bidders for Air India, as the government evaluates their financial bids, a person aware of the matter said.
The government is looking to conclude the divestment process of the national carrier by the end of the ongoing fiscal year and could make an announcement about the winning bidder in the coming days, the person added, requesting anonymity.
According to a second person, RBSA Advisors and EY, who are advising the government on the sale, on Tuesday made a presentation on the airline’s valuation to the government.
