Bidding for Air India to be done on enterprise value: Civil Aviation Minister Hardeep Singh Puri
New Delhi: Civil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value.
The enterprise value of a company includes the equity value, debt as well as cash with the company. Equity value measures the value of a company's shares.
"We have decided to ask for bids for Air India on enterprise value," Puri said at a press conference.
Aviation Secretary Pradeep Singh Kharola said at the conference, "The bid will be on the enterprise value... In this enterprise value also, a ratio has been earmarked between how much he (bidder) can take as debt and how much he has to give as cash."
It has been decided that whatever enterprise value the bidder quotes, 15 percent of that has to be given in cash to the government, and the remaining 85 percent has to be taken as debt along with Air India, Kharola explained.
The debt of Air India as of March 31, 2019, was Rs 58,255 crore. Later in 2019, Rs 29,464 crore of this debt was transferred from Air India to a government-owned special purpose vehicle called Air India Assets Holding Company Limited (AIAHL).
After its unsuccessful attempt to sell Air India in 2018, the government in January this year restarted the divestment process and invited bids for selling 100 percent of its equity in the state-owned airline, including Air India's 100 percent shareholding in Air India Express Ltd and 50 percent in Air India SATS Airport Services Private Ltd.
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Shehbaz Sharif says ceasefire extends beyond Iran, including “Lebanon and elsewhere”
Islamabad: Pakistan’s Prime Minister Shehbaz Sharif has said the ceasefire agreement between Iran, the United States and their allies extends beyond the immediate conflict and includes “Lebanon and elsewhere,” adding that it is effective immediately.
In a social media post, Sharif said, “I warmly welcome the sagacious gesture extend deepest gratitude to the leadership of both the countries and invite their delegations to Islamabad on Friday, 10th April 2026, to further negotiate for a conclusive agreement to settle all disputes.”
He said both sides had shown “remarkable wisdom and understanding” and remained constructively engaged in efforts aimed at peace and stability during the high-stakes mediation process.
“We earnestly hope that the ‘Islamabad Talks’ succeed in achieving sustainable peace and wish to share more good news in coming days,” Sharif added.
With the greatest humility, I am pleased to announce that the Islamic Republic of Iran and the United States of America, along with their allies, have agreed to an immediate ceasefire everywhere including Lebanon and elsewhere, EFFECTIVE IMMEDIATELY.
— Shehbaz Sharif (@CMShehbaz) April 7, 2026
I warmly welcome the…
