Group of Ministers approve Expression of Interest, share purchase agreement for Air India sale
NEW DELHI: The Centre on Tuesday approved the draft for inviting initial bids for disinvestment of Air India. The document inviting bids is likely to be out by January-end.
A high-powered group of ministers (GoM) and senior officials, at a meeting chaired by Home Minister Amit Shah, approved the Expression of Interest (EoI) as well as the share purchase agreement for Air India’s privatisation also approved further transfer of major portion of Air India’s debt to a special purpose vehicle (SPV) to make it a lucrative offer.
