Government sticks to September 15 deadline for putting financial bids for Air India
NEW DELHI: The government will stick to the September 15 deadline for investors to put in bids for buying national carrier Air India, an official said. This is in stark contrast to the extension of deadline for preliminary bids five times.
Salt-to-software conglomerate Tata Group was among the “multiple” entities that had put in preliminary bids for buying loss-making Air India in December last year. After analysing the preliminary bids, eligible bidders were given access to the Virtual Data Room (VDR) of Air India for doing due diligence, following which investors’ queries were answered.
