The Narendra Modi government’s efforts to dis-invest Air India and privatise it, suffered a major setback on Thursday, as on the deadline to submit expression of interest (EoI) there was no bidders.
“As informed by the transaction adviser, no response has been received for the Expression of Interest floated for the strategic disinvestment of Air India,” the Civil Aviation Ministry said in a tweet. “Further course of action will be decided appropriately,” it added.
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