The Cabinet Committee on Security (CCS) is likely to consider the security clearances for Air India bidders within this fortnight.
The Hindujas and the Tata-SIA consortium are the two bidders left in the fray for disinvestment in the national carrier. Only after the CCS clearance, the government will call for financial bids.
The government proposes to sell 40 per cent of its equity in Air India, besides handing over management control to the strategic buyer.
According to the official sources, the government will go ahead with the sale process even if there is only one bidder left in the running. Rebidding process will started only if the financial bids quote a price below the reserve price.
While valuing Air India, the disinvestment department had considered excluding the five properties owned by it from valuation.
