Current Affairs - Defence - Discussion

The government has announced that, it has planned to sell 76 per cent stake in Air India. This has been mentioned in the expression of interest (EoI) document that was released on 28th March 2018. The government has planned to sell 76 per cent equity share capital of Air India along with subsidiary Air India Express and a 50% stake in Air India SATS (Singapore Airport Terminal Services) and also transfer the management control. It has been said that, the management or employees can directly take part in the bidding process or by forming a consortium. Ernst & Young LLP India has been named the transaction adviser for this disinvestment process.