Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 06, 2020

Amit Shah-Led Meeting On Air India Disinvestment Likely On Tuesday

Amit Shah-Led Meeting On Air India Disinvestment Likely On Tuesday
An aircraft operated by Air India approaches to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

The second meeting of Home Minister Amit Shah-headed Group of Ministers is likely to take place on Tuesday, according to a source.

The meeting is expected to discuss the Preliminary Information Memorandum on the Air India sale process, the source said.

The Air India Specific Alternative Mechanism or GoM has already approved re-initiation of the process for the government's 100 percent stake sale in Air India along with Air India Express and the carrier's stake in joint venture Air India SATS.

"The second meeting of the Group of Ministers on Air India sale may take place on Tuesday. It is likely to discuss the Preliminary Information Memorandum on the sale process," the source in the know of development told PTI on Monday.

He also said that "the expression of interest could be invited 45 days after the uploading of the PIM document".

The last GoM meeting took place in September last year. Apart from Shah, it was also attended by Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search