The Cabinet Committee on Disinvestment slated to meet tomorrow will discuss among other things, the shareholders and sharepurchase agreements of Air-India (A-I) and the modalities of the sale of shares to employees.
The list of issues to be taken up tomorrow has been sharply pruned, sources said. The issue of disqualification norms for advisors and bidders from the privatisation process has been dropped since the comments from the law ministry have not been received. This will be taken up at the next CCD meeting scheduled for July 6.
Before the CCD meeting, the Cabinet Committee on Security will meet to discuss the security clearance for bidders for A-I. The bid by Ashok Leyland, a Hinduja group company, and that by Tata-SIA consortium will be discussed.
In case of A-I employee stock options (Esops), the CCD will take a decision on the price at which shares should be given to the employees.
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