India is ready to sweeten the deal for the sale of Air India Ltd., the loss-making state-owned carrier, a finance ministry official said.
The government is considering allowing potential suitors for Air India decide how much of the flag carrier’s debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said in an interview in New Delhi. The bid date is also likely to be extended beyond October 30 to give investors time to make an offer, he said.
“We will remove the constraints that the current structure of the transaction poses for investors,” Disinvestment Secretary Tuhin Kanta Pandey said in an interview in New Delhi last week. “We are now thinking of letting the market determine the level of debt. That means we don’t freeze it.”
