{"id":381451,"date":"2020-10-31T10:32:41","date_gmt":"2020-10-31T05:02:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381451"},"modified":"2020-10-31T10:42:25","modified_gmt":"2020-10-31T05:12:25","slug":"govt-revamps-air-india-sale-terms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-revamps-air-india-sale-terms\/","title":{"rendered":"Govt revamps Air India sale terms"},"content":{"rendered":"<p>New Delhi: The government has revamped the terms for selling distressed national carrier Air India, shelving the earlier offer of the company along with a fixed level of debt, civil aviation minister Hardeep Puri said on Thursday.<\/p>\n<p>As per the new offer, Air India will be offered on its enterprise value and bidders can quote the level of debt they are comfortable with. The investor who quotes the highest enterprise value gets the carrier. The move is to make the offer as flexible and market linked as possible, senior officials from civil aviation and finance ministries explained.<\/p>\n<p>\u201cAfter detailed preparations, we revisited this (earlier offer for sale) and it was decided to change the bidding parameters and ask for bids at the enterprise value that is, bids will be invited on equity and debt basis,&#8221; Puri said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The government has revamped the terms for selling distressed national carrier Air India, shelving the earlier offer of the company along with a fixed level of debt, civil aviation minister Hardeep Puri said on Thursday. As per the new offer, Air India will be offered on its enterprise value and bidders can quote the level of debt they are comfortable with. The investor who quotes the highest enterprise value gets the carrier. The move is to make the offer as flexible and market linked as possible, senior officials from civil aviation and finance ministries explained. \u201cAfter detailed preparations, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-381451","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381451"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381451\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}