Parliamentary panel again asks civil aviation ministry about enterprise value of Air India disinvestment
Parliamentary panel on Thursday again asked the civil aviation ministry to explain about how the enterprise valuation of Rs 18,000 crore was arrived for the disinvestment of Air India that was completed in January last year. The matter has been mentioned by the Department-Related Parliamentary Standing Committee on Transport, Tourism and Culture in its report tabled in the Rajya Sabha.
The report pertains to the action taken by the government on the recommendations/observations of the committee in the report on Demands for Grants (2023-24) of the civil aviation ministry.
Tata Group's Talace Pvt Ltd has acquired Air India, Air India Express and a 50 per cent stake in Air India Airport Services Pvt Ltd (AISATS) through the disinvestment process.
«The committee notes that the Enterprise Valuation method was adopted for inviting bids for disinvestment of Air India, which afforded the prospective bidders an opportunity to resize the balance sheet.
