InvestorQ : It is true that Air India divestment could get delayed even further?
Rutuja Nigam made post

It is true that Air India divestment could get delayed even further?

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3 months ago
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While there is no official confirmation, the DIPAM officials at the highest level have indicated that delay is inevitable. In the light of the pandemic, DIPAM is likely to put off the divestment process by at least a couple of months. This was disclosed by DIPAM secretary, Tuhin Pandey, but he did not talk about any firm dates.

The government was targeting to complete the divestment of Air India in the first half of the fiscal year FY21. However, that could now get pushed to the second half i.e. after October. The pandemic makes physical inspection of certain saleable assets of Air India difficult at this point. All the shortlisted bidders are required submit their final bids over next 2 months.

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