According to Rudra Investment Stock Expert, Now more than one company can buy Air India. Not only this, it will be necessary to list Air India in the stock market within 3 years after the auction. According to the exhaustive information given to CNBC-Voice, its conditions can be added to the auction rules i.e. expression of interest.
Sources say that in the consortium buying stake in Air India, a company's share should be 51 percent, whereas the remaining investors should have a stake of at least 20 percent. The government will sell 76 percent stake in Air India and after 24 hours, the government will have a 24 percent stake. Foreign companies can also participate in Air India auctions. Along with this, debt-ridden airlines can also bid for Air India and companies with negative net worth will also be able to participate.
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