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Union Finance Minister had announced in #Budget2021 speech that Govt. wishes to complete disinvestment of Air India in FY 2021-22
Cabinet Committee on Economic Affairs had instituted Air India Specific Alternate Mechanism which has identified the winning bidder for the national airline
@SecyDIPAM explains the process of disinvestment of @airindiain, which began in July 2017
No interest for first bid
7 bidders for second round, out of which 5 disqualified
Financial bids received from two qualified bidders, on Sep 15 2021
Multi-layered decision making has been adopted for the @airindiain disinvestment process, comprising Air India Specific Alternate Mechanism chaired by Union Home Minister
Process has been transparent, competitive, supported by professional advice
Interest of employees including retired employees have been taken care of, informs @SecyDIPAM
'Bidders would now bid on the total consideration of equity and debt, with minimum cash equal to 15% of quoted Enterprise Value and maximum retained debt being 85% of quoted EV'
.@SecyDIPAM explains stages of the RFP process for disinvestment
'Final Agreed form Share Purchase Agreement submitted along with bid on Sep 15, 2021, meaning no negotiation of terms & conditions after bid submission, bidders had agreed to bid terms and conditions prior to this'
Valuation of Enterprise Value was done using business valuation and asset valuation methods, reserve price was set before opening sealed financial bids, to ensure complete independence between bidding and fixation of reserve price
After ensuring technical qualification of bids for disinvestment of Air India, the two financial bids were opened by Inter Ministerial Group in presence of bidders on Sep 29, 2021
Both bids well above reserve price, H1 bid approved on Oct 4, 2021
पंतप्रधान @narendramodi थोड्याच वेळात व्हिडिओ कॉन्फरन्सिंगद्वारे इंडियन स्पेस असोसिएशन (ISPA) या भारतीय अंतराळ संघटनेचे उदघाटन करणार आहेत. याप्रसंगी ते अंतराळ उद्योगाच्या प्रतिनिधींशीही संवाद साधतील.
*⃣New Cases - 2,294
*⃣Recoveries - 1,823
*⃣Deaths - 28
*⃣Active Cases - 33,449
*⃣Total Cases till date - 65,77,872
*⃣Total Recoveries till date - 64,01,287
*⃣Total Deaths till date - 1,39,542
*⃣Tests till date - 6,01,98,173
*⃣New Cases - 2,620
*⃣Recoveries - 2,943
*⃣Deaths - 59
*⃣Active Cases - 33,011
*⃣Total Cases till date - 65,73,092
*⃣Total Recoveries till date - 63,97,018
*⃣Total Deaths till date - 1,39,470
*⃣Tests till date - 5,99,14,679