Air India stake sale: 14 firms in race to assist govt

As many as 14 companies have expressed an interest to collaborate with the government in the role of transaction and legal advisors for the divestment of national carrier Air India.

The Department of Investment and Public Asset Management (DIPAM) had earlier invited expressions of interest for appointing transaction advisors and law firms in assisting the strategic sale of the carrier. The mammoth deal includes an operating fleet of 142 aircraft comprising 65 A-320 aircraft, 15 B777 aircraft, 24 787 aircraft, 23 737-800 aircraft, 11 ATRs, and four B747 aircraft. 

Among the investment brokerages that bid for the role of transaction advisor are