 "BS News Digest, Air India, AIR INDIA DISINVESTMENT, ministry of civil aviation,Insolvency and Bankruptcy Code , IBC,Power Finance Corporation , PFC, public sector undertaking, NTPC,PowerGrid,Bharat Heavy Electricals, pnb FRAUD, pnb SCAM,letters of un")
Govt mulls allowing airlines with negative net worth to bid for Air India
The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength.
The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. Read more...
PFC, REC, NTPC could form joint venture to bid for stressed assets
Two leading
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