Tata Group, US-based fund Interups Inc, and a group of 219 Air India employees are among “multiple” entities that on Monday put in preliminary bids for buying loss-making national carrier Air India.
“Multiple expressions of interest have been received for strategic disinvestment of Air India. The transaction will now move to the second stage,” Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted. He, however, did not reveal either the identity of the bidders or the number of bids.
Sources said Tata Sons has put in an EoI and so did Interups, whose chairman Laxmi Prasad had in the run-up to the disinvestment made his intentions clear to bid for Air India. Detailed report on P9
