Divestment

SoftBank Boosts Earnings With Tech Investment Sales, Including Flipkart Stake

Reuters | Tuesday August 7, 2018

SoftBank said earnings were boosted by the sale of its stake in Flipkart in the first public divestment by the conglomerate's massive Vision Fund.

Air India Disinvestment: No plan To Sell Off Entire Government Stake, Says Jayant Sinha

Business | Indo-Asian News Service | Thursday August 2, 2018

The government had invited Expression of Interest (EoI) on March 28 this year for disinvestment of Air India.

Kumar Mangalam Birla, YC Deveshwar Now Part Of Air India Board

India News | Press Trust of India | Wednesday August 1, 2018

The government today inducted corporate bigwigs Kumar Mangalam Birla and YC Deveshwar to the Air India board, a day after seeking Parliament's approval for supplementary grant for equity infusion in the loss-making national carrier.

Government Mulls Injecting Fresh Capital Into Air India

Business | Indo-Asian News Service | Friday July 6, 2018

Civil Aviation Secretary R. N. Choubey said a decision on infusing fresh capital in Air India would be taken very soon.

Air India Looks Forward To Additional Rs 1,000 Crore Revenue After Revamp Of Premium Seats

Business | NDTV Profit Team | Saturday June 23, 2018

As of now, the occupancy rate of business and first class seats in Air India is a modest 60 percent in the flights to North America and Europe.

Government Receives Bids For Pawan Hans' Divestment

Business | Indo-Asian News Service | Thursday June 21, 2018

On April 13, the Union government had invited Expression of Interest to divest its 51 per cent stake in Pawan Hans.

"Air India Stake Sale Review Soon," Says Centre After Plan Put On Hold

India News | Edited By Swati Bhasin (with inputs from agencies) | Wednesday June 20, 2018

The government will soon review the plan for strategic disinvestment of Air India, Union Minister Jayant Sinha said today, a day after the centre said it has decided to put the stake sale in the national carrier on hold.

Air India Stake Sale Not Happening For Now: Five Things To Know

Business | NDTV Profit Team | Tuesday June 19, 2018

Air India stake sale: Air India will very soon get funds from the government for its day to day operations, says the official.

Government Open To Listing Air India After Failed Divestment: Source

World News | Reuters | Thursday June 14, 2018

The central government is open to listing ailing state carrier Air India, a government source said on Wednesday, after failing to attract buyers for a 76 percent stake in the company.

Air India Seeks Rs 1,500 Crore Short-Term Loan To Meet Working Capital Requirements

India News | Indo-Asian News Service | Thursday June 7, 2018

National passenger carrier Air India has invited bids from financial institutions and banks for a Rs 1,000-crore government guarantee-backed Short Term Loan (STL).

After Failing To Evoke Buyers' Interest, Air India Seeks Restoration Of Equity Infusion From Centre

Business | Press Trust of India | Sunday June 3, 2018

Air India has already received more than Rs 26,000 crore under the bailout package announced by the former UPA government in April 2012

Air India Employees' Union Preparing Alternative Plan To Revive Airline

India News | Press Trust of India | Friday June 1, 2018

Air India's employee unions today said they were preparing an alternative plan to revive the debt-laden national carrier, a day after the government announced that not a single bid had been received for the proposed stake sale in the loss-making airline.

No Bids For Air India So Far, Won't Extend Deadline: Aviation Secretary

India News | Reuters | Wednesday May 30, 2018

The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.

Air India Offers Select International Flight Tickets On Sale. Details Here

Business | NDTV Profit Team | Tuesday May 22, 2018

The travel period, Air India said, is with immediate effect till June 30; from August 1 to September 30; and from November 12 till December 7, 2018.

Government Might Not Sell Air India If Bids Below Floor Price

Business | Indo-Asian News Service | Tuesday May 22, 2018

As per the process timeline, the submission deadline for the 'Express of Interest' bids has been extended to May 31, 2018.