New Delhi: The disinvestment of Air India will enter into its second stage on January 5 next year, when the names of the qualified bidders would be announced, an official said here on Tuesday.
The first process of proposed strategic disinvestment of Air India has been completed, the official said.
Civil Aviation Secretary Pradeep Singh Kharola said here in a press conference that the two processes of the strategic disinvestment of Air India include submission of ‘Expression of Interest’, which was completed on December 14 and the second process ‘Request for Proposal’.
‘The strategic disinvestment of Air India is a transparent two-step process. The first process is the submission of ‘Expression of Interest’, which is bidders showing interest in Air India,’ said Mr Kharola.
‘It is a confidential process and as of now, multiple ‘Expression of Interest’ have been received. Their scrutiny process is going on. It will be completed by January 5 and we will have eligible bidders,’ he added.
‘In the next step, eligible bidders will be asked for ‘Request for proposal,’ which is nothing but financial information of bidders. We are heading towards the second stage and the first stage is completed,’ he added.
