pennews
www.pennews.net
Group of Ministers approves EoI for Air India’s disinvestment
Business

Group of Ministers approves EoI for Air India’s disinvestment

Agency News

New Delhi, Jan 7 : A Group of Ministers headed, by Union Home Minister Amit Shah, on Tuesday approved the Expression of Interest (EoI) for Air India’s privatisation, a senior government official said.

The EoI and the share-purchase agreement would be issued in January itself, he said. Apart from Mr Shah, Finance Minister Nirmala Sitharaman, Aviation Minister Hardeep Singh Puri, Commerce Minister Piyush Goyal, Air India Chairman Ashwini Lohani and senior Air India officials were present in the meeting that lasted one hour.

Last year, the Air India Specific Alternative Mechanism (AISAM) approved the re-initiation of the process for the government’s 100 per cent stake sale in Air India along with Air India Express and the carrier’s stake in joint venture AISATS.

The Centre, on June 27, had decided to go ahead with the disinvestment of the national carrier Air India. The government has pumped funds to the tune of Rs 30,520.21 crore in Air India from the financial year 2011-12 till December this year. (UNI)