Logistics

Govt invites bids to appoint banks, lawyer for Air India sale

Reuters New Delhi | Updated on January 10, 2018 Published on September 14, 2017

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The government had given the green light to sell Air India in June.

The government has invited bids to appoint two financial advisors and one legal advisor for the privatisation of national carrier Air India and its subsidiaries, the Ministry of Finance said in a newspaper advertisement on Thursday.

The government gave the green light to sell Air India, which has struggled under losses and its debts, in June, and officials have said they want the process to offload all or parts of the airline by early 2018.

Interested investment banks and law firms have until Oct 12 to pitch for their role in the privatisation.

Published on September 14, 2017
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