Air India: After 1st failed disinvestment attempt, Modi govt open for listing but not foreign ownership

Air India: After 1st failed disinvestment attempt, Modi govt open for listing but not foreign ownership Air India disinvestment: The Narendra Modi government is open to the idea of listing Air India stakes but not for foreign ownership. (Image: PTI)

Air India disinvestment: After failing to attract a suitable buyer in the first attempt, the Narendra Modi government is open to the idea of listing Air India stakes but not for foreign ownership, TV news channels reported quoting sources. The government is discussing several proposals to take forward the Air India stake sale plan, including the listing of the stakes. However, even as the government is mulling listing, it is not open to the idea of foreign ownership, TV channels reported.

In January, the Union Cabinet approved the foreign direct investment of up to 49% under approval route in Air India but the official proposal that followed also said that the new owner of Air India will only be an Indian company.

Details awaited…

Source: Financial Express