Air India’s divestment process to spill over into FY21

Photo: Mint

Privatisation of Air India and stake sale in its subsidiaries for which bids have been invited is set to spill over to FY21 with the government giving more time to investors for clearing doubts on the terms of sale.

The ministry of civil aviation has extended the due date for investors to seek clarifications on the terms of sale up to midnight of 6 March, from the earlier deadline of 11 February, as per a change notified by the ministry on the information document given to investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter