Centre extends deadline for Air India bid by 2 months

government has extended by two months deline for placing bids for Air India till October 30 as COVID-19 fallout has disrupted ecomic activity globally.

process of stake sale in national carrier was initiated on January 27. This is fourth extension given by government for putting in bids.

Issuing a corrigendum to Expression of Interest (EoI) for sale of Air India, Department of Investment and Public Asset Manment said deline has been extended in view of "request received from IBs (interested bidders) in view of prevailing situation arising out of COVID-19".

While issuing EoI in January, last date for bids was kept at March 17, which was later extended to April 30. This was furr extended till June 30, and again till August 31.

Also date for intimation to qualified interested bidders (QIB) has been extended by over two months till vember 20, DIPAM said in corrigendum posted on its website.

(Photo Credit: PTI)