Wadia Group in talks with investors to jointly bid for Go First: Report
Wadia Group is in talks with financial investors to jointly bid for cash-strapped Go First airline, The Economic Times (ET) reported on Tuesday. The decision will, however, depend on whether the grounded airline will be considered airworthy again or not.
On Monday, the resolution professional (RP) invited Expressions of Interest (EOI) from investors. The last date for EOI has been fixed at August 9.
The Wadia Group earlier owned a 100 per cent stake in Go First through various entities owned by Nusli Wadia and his family. The airline has a total liability worth Rs 11,463 crore to all creditors.
