Govt extends deadline to bid for Air India by 2 months till June 30


The government extended bidding deadline for Air India by two months till June 30, for the second time due to the Covid 19 fallout.

The department of investment and public asset management (DIPAM) said on Tuesday that the deadline was being extended after "request received from the IBs (interested bidders) in view of the prevailing situation arising out of COVID-19". ET had reported the deadline extensions earlier this month.

The process of selling the government’s full stake in the national carrier initially began on January 27. While issuing the EoI in January, the last date for bids was kept for March 17, which was later extended to April 30. This has now been further extended till June-end.

The date for intimation to qualified interested bidders (QIB) has also been extended by two months till July 14.

"Further changes with respect to the Important Dates, if any, will be communicated to the Interested Bidders subsequently," the department said in the notice dated April 28.


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