The MoCA has reported that the financial bids for Air India are likely to be received from qualified interested bidders (QIBs) by September 15, 2021. Multiple expressions of interest (EoIs) were received by the Transaction Advisor. The EoIs were evaluated by the Transaction Advisor for the selection of QIBs. Request for proposal (RfP), along with draft share purchase agreement, was shared with the QIBs by the Transaction Advisor on March 30, 2021 for the submission of financial bids. However, the government has not revealed the names of the QIBs as yet.
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