The government has extended the time till March 6 for bidders to pose additional queries regarding sale of its 100 per cent stake in Air India.
The government has issued the first set of clarification on Air India disinvestment answering queries of interested bidders on the ‘confidentiality undertaking’ listed out in the Preliminary Information Memorandum (PIM) issued on January 27.
The last date for submission of written queries on PIM and Share Purchase Agreement (SPA) was originally set at February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued a set of 20 clarifications on the queries raised.
