Govt won't disclose names of Air India bidders after DIPAM's rule change

Under earlier protocol, had to inform qualified bidders by Jan 5; alteration came into effect after Transaction Adviser EY said it did not want any deadline

The government has eliminated the need to disclose the name of entities who have bid for state-owned carrier Air India by any specified time. According to the existing rules of Air India sale process, the government had to inform qualified bidders about the names by January 5.
 
However, the Department of Investment and Public Asset Management (DIPAM) has added a clause that eliminates any deadline by which transaction advisor EY will have to inform qualified bidders.
 
“Post completion of the evaluation of the expression of interest (EOls) received, the transaction advisor will directly intimate the qualified interested bidders