Government to sell 100 per cent stake in Air India; issues bid document
New Delhi:The government issued a preliminary information memorandum on Monday for 100 per cent stake sale in national carrier Air India.
According to the bid document, as part of the strategic disinvestment Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS. The management control of the airline would also be transferred to the successful bidder.
The deadline for submitting the Expression of Interest (EoI) is March 17.
AISATS is an equal joint venture between Air India and Singapore Airlines. It offers ground handling services. Air India has also interests in Air India Engineering Services, Air India Air Transport Services, Airline Allied Services and Hotel Corporation of India.
These entities are in the process of being transferred to a separate company -- Air India Assets Holding Ltd (AIAHL) -- and would not be a part of the proposed transaction, the document said.
According to the document, a debt of Rs 23,286.5 crore would remain with Air India and Air India Express at the time of closing of the disinvestment. The remaining debt would be allocated to AIAHL.
EY is the transaction adviser for Air India disinvestment process.
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UP: Woman tehsildar accuses Firozabad DM of harassment, seeks CM's intervention
Firozabad (UP) (PTI): A woman tehsildar here has levelled serious allegations of harassment and undue pressure against the district magistrate, even as no official response from the latter was available till Friday.
Tehsildar Rakhi Sharma, posted in Tundla, accused District Magistrate (DM) Ramesh Ranjan and his office of pressuring her to manipulate an inquiry report related to alleged corruption.
Addressing reporters, Sharma claimed she was asked by the DM, his officer on special duty (OSD) and other staff to present the inquiry report in a particular manner. "When I refused to comply, I was subjected to harassment," she alleged, adding that the harassment has been continuing for the past nine months.
She further alleged her salary was withheld without any explanation, and she was given an adverse entry in her service record.
Sharma also claimed that the DM's OSD demanded an iPhone from her, which she provided, and the device was being currently used by the DM.
According to Sharma, her salary was later released following a court order, but the harassment continued and multiple inquiries were initiated against her.
The tehsildar has sought intervention from Chief Minister Yogi Adityanath, demanding action against the district magistrate and a high-level probe into the matter.
She also raised questions over her apparent transfer from Tundla to Shikohabad, saying she has not received any official transfer order yet.
Efforts to contact the district magistrate for a response were unsuccessful, and no official statement has been issued from his side till late Friday.
Meanwhile, Sharma also lodged an FIR at Tundla police station against a local reporter of a news channel, alleging threats and invoking relevant provisions of the Bharatiya Nyaya Sanhita.
