Air India's Rs 34,000-crore debt forces bidders to stay away from disinvestment process
Reports suggest that Tata Group, which was also a potential bidder, has also planned to abstain from the bidding process. Sources told Zee Business, "The debt of Rs 34,000 crore that Air India said will be handed over to the successful the bidder is forcing suitors to stay away from the disinvestment process."
The last date for submission of Expression of Interest (EoI) is May 14, 2018, and intimation to the qualified interest bidders would be made on May 28, 2018. Image source: