The Cabinet Committee on Economic Affairs had on 28 June granted its in-principle approval for considering strategic disinvestment of Air India. Photo: BloombergMumbai: The government will soon float a request for proposal (RFP) for selection of transaction adviser, legal adviser as well as asset valuer for the proposed disinvestment of national carrier Air India. “The announcement of RFP for appointment of a transaction adviser, a legal adviser and asset valuer is expected to be made soon for disinvestment of Air India,” an airline official said. Launched by JRD Tata as Tata Airlines in 1932, its name was changed to the Air India in 1946. The employees’ unions at Air India are opposed to the privatisation of the two government-run entities.

Source: Mint August 07, 2017 15:11 UTC