Tatas, Interups among ‘multiple’ bidders for AI
Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among “multiple” entities that on Monday put in preliminary bids for buying loss-making carrier Air India.
A group of 219 Air India employees submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadline on Monday.
“Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
He, however, did not reveal either the identity of the bidders or the number of bids received for buying the national carrier.
