Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale
4 years, 9 months ago

Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale

Firstpost  

The government is likely to extend the 30 April deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said New Delhi: The government is likely to extend the 30 April deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said. This would be the second extension in the deadline to submit bids for Air India since the government initiated the process of stake sale in the debt-ridden national carrier on 27 January. “There is a case to extend the bid submission deadline for Air India given the current global and domestic situation,” the official said. After an unsuccessful attempt to sell Air India in 2018, the government in January 2020 restarted the divestment process and invited bids for selling 100 percent of its equity in the state-owned airline, including Air India’’s 100 percent shareholding in AI Express Ltd and 50 percent in Air India SATS Airport Services Private Ltd.

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History of this topic

Govt may select successful bidder for Air India in 3 weeks: Report
3 years, 3 months ago

Govt may select successful bidder for Air India in 3 weeks: Report

India Today  

Final bids for acquiring state-run carrier Air India were recently submitted by Tata Sons and SpiceJet promoter Ajay Singh. Read | Air India sale: Tata Sons, SpiceJet promoter Ajay Singh submit final bids “Financial bids for Air India disinvestment received by transaction adviser. Once the final reserve price is determined, the proposal will be floated before the Air India Specific …

Centre to stick with 15 Sept deadline for investors to make financial bids for Air India, says official
3 years, 4 months ago

Centre to stick with 15 Sept deadline for investors to make financial bids for Air India, says official

Firstpost  

The government is selling its entire 100 percent stake in Air India which has been in losses ever since its merger with domestic operator Indian Airlines in 2007 New Delhi: The government will stick to the 15 September deadline for investors to put in bids for buying national carrier Air India, an official said. Salt-to-software conglomerate Tata Group was among …

Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5
4 years, 1 month ago

Air India Divestment: Intimation Date for Qualified Interested Bidders Extended to Jan 5

News 18  

The government on Thursday said it will intimate qualified interested bidders of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020. The Department of Investment and Public Asset Management on Thursday issued a tenth corrigendum to global invitation for Expression of Interest for the proposed strategic disinvestment of Air India Ltd stating …

Budget 21: Don’t Waste This Crisis, Just Smooth the Wrinkles
4 years, 1 month ago

Budget 21: Don’t Waste This Crisis, Just Smooth the Wrinkles

The Quint  

The government has been struggling to get rid of Air India for two decades. It was first mooted under Atal Bihari Vajpayee in 2000, then shelved under Manmohan Singh, but formally notified by Prime Minister Modi in June 2017. All good, except for the fact that such onerous conditions were put on its sale—including a strategic veto for the government …

Air India bid deadline may be extended till Dec 15, govt to ease asset valuation norm
4 years, 2 months ago

Air India bid deadline may be extended till Dec 15, govt to ease asset valuation norm

India TV News  

To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. The deadline for Air India bid is proposed to be extended till December 15,” the source told PTI. This would be the fifth extension to the Air India bid …

Coronavirus | RBI announces more measures to fight economic disruptions
4 years, 9 months ago

Coronavirus | RBI announces more measures to fight economic disruptions

The Hindu  

The Reserve Bank of India has announced more measures to fight economic disruptions caused by the Coronavirus, like extension of realisation period of export proceeds and allowing States to borrow more. "Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months …

Coronavirus outbreak: Supreme Court eases March 31 deadline for BS4 vehicle sales in India
4 years, 9 months ago

Coronavirus outbreak: Supreme Court eases March 31 deadline for BS4 vehicle sales in India

India Today  

In some relief for the automobile sector, the Supreme Court today eased the March 31 deadline for the sale of BS4 vehicles in India. The apex court allowed the sale of BS4 vehicles for 10 days, barring in Delhi-NCR, after the ongoing 21-day nationwide lockdown to contain the Covid-19 pandemic is lifted. The Supreme Court also ruled that the dealerships …

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA
4 years, 9 months ago

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA

Firstpost  

The government’s plan to privatise flag carrier Air India will be further delayed and it will have to infuse up to Rs 3,000 crore to ensure continuity of operations till the sale process gets over, the Centre for Pacific Aviation said on Wednesday Mumbai: The government’s plan to privatise flag carrier Air India will be further delayed and it will …

Coronavirus outbreak: Auto body approaches SC for BS4 deadline extension as sales nosedive
4 years, 9 months ago

Coronavirus outbreak: Auto body approaches SC for BS4 deadline extension as sales nosedive

India Today  

The Indian automobile industry is feeling the pinch of the Covid-19, the disease caused by the novel coronavirus. With the counter sales falling almost 70 per cent across the dealerships in the past few days due to the coronavirus outbreak, the Federation of Automobile Dealers Associations has again approached the Supreme Court for extending the BS4 vehicle registration deadline by …

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April
4 years, 10 months ago

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April

Firstpost  

The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April New Delhi: The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April. Home Minister Amit Shah-led ministerial panel on Air India decided on extending the deadline for submission …

Government extends deadline to bid for Air India till April 30
4 years, 10 months ago

Government extends deadline to bid for Air India till April 30

India TV News  

The government on Friday extended the deadline to bid for Air India till April 30, from March 17. Home Minister Amit Shah-led ministerial panel on Air India decided on extending the deadline for submission of expression of interest by interested bidders till April 30. While extending the date, the Department of Investment and Public Asset Management in a notification said …

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
4 years, 10 months ago

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Firstpost  

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on “extremely well” New Delhi: Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be …

Deals Buzz: Government to invite bids for Air India privatization
5 years, 3 months ago

Deals Buzz: Government to invite bids for Air India privatization

Live Mint  

Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the country Government to invite bids for Air India privatization The government will soon invite bids to sell its entire stake in Air India, after potential buyers baulked at an initial attempt to divest a partial stake in the national carrier, Mint reported citing a …

Finance Minister to prepare fresh proposal for Air India sale
5 years, 6 months ago

Finance Minister to prepare fresh proposal for Air India sale

India TV News  

The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier. The ministry's proposal, to be placed before Air India Specific Alternative Mechanism, will also include option of selling …

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