Entities with sufficient funds, ability to run Air India can bid: FinMin
Entities having sufficient networth and the ability to run Air India (AI) can bid for 76 per cent stake in the national carrier, DIPAM Secretary Neeraj Gupta said today. Prodding venture capital funds to participate in the PSU disinvestment programme, Gupta said such funds may tie up with domestic companies to bid for state-run assets. “Even in Air India, we are not looking for only an airline to take over…Finance is the main criteria and the capability to take over and run such an asset is the main criteria,” said…
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