INSUBCONTINENT EXCLUSIVE:
Government is likely to receive financial bids for Air India stake sale by September 2021The Centre is likely to receive financial bids for
its strategic disinvestment of 100 per cent stake in the national carrier Air India, by September 15, 2021 from qualified interested bidders
India's disinvestment process, on Thursday.The minister further informed the Lower House that the Civil Aviation Ministry had issued the
Coronavirus pandemic, the last date for submission of EOI was frequently postponed and finally it was fixed for December 14, 2020, he said
2021 for submission of financial bids, which are now likely to be received by September 15, 2021.Mr Singh also informed Lok Sabha that
Air India Assets Holding Limited (AIAHL), has been setup inter-alia for warehousing non-core assets of Air India Limited.Monetisation
proceeds of non-core assets of Air India are to be used to offset the debt of Air India transferred to AIAHL, he further said.
