{"id":26076,"date":"2018-03-28T17:41:23","date_gmt":"2018-03-28T12:11:23","guid":{"rendered":"http:\/\/legaldesire.com\/?p=26076"},"modified":"2018-03-28T17:41:23","modified_gmt":"2018-03-28T12:11:23","slug":"ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment","status":"publish","type":"post","link":"https:\/\/legaldesire.com\/ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment\/","title":{"rendered":"Ernst &#038; Young appointed as transaction advisor by Govt for AirIndia disinvestment"},"content":{"rendered":"<div class=\"xcQxib eadHV NdbWE\" role=\"heading\" aria-level=\"3\">Govt issues preliminary information memorandum on AirIndia disinvestment; proposes to sell 76 per cent stake.\u00a0\u00a0Ernst &amp; Young LLP India has been appointed as transaction advisor by GoI for advising and managing the proposed strategic appointed as transaction advisor.<\/div>\n<p>The divestment is to be carried out through the open competitive bidding process.<\/p>\n<div class=\"rmxqbe\">The\u00a0government will retain a 24 per cent stake in Air India and Air India Express as part of the divestment of its stake in the state owned airline. The government also proposes divesting 50 per cent of its stake in Air India Sats Airport Services. The process is expected to be completed by December this year.<\/div>\n<p>Finance Minister Arun Jaitley in his Budget speech had spoken about the privatisation of Air India.\u00a0The government has stipulated a net worth criterion of Rs 5,000 crore for parties interested in bidding for Air India.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Govt issues preliminary information memorandum on AirIndia disinvestment; proposes to sell 76 per cent stake.\u00a0\u00a0Ernst &amp; Young LLP India has been appointed as transaction advisor by GoI for advising and managing the proposed strategic appointed as transaction advisor. The divestment is to be carried out through the open competitive bidding process. The\u00a0government will retain a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,59],"tags":[1221,1222],"class_list":{"0":"post-26076","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-law-firm-news","8":"category-news","9":"tag-airindia-disinvestment","10":"tag-ernst-and-young"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ernst &amp; Young appointed as transaction advisor by Govt for AirIndia disinvestment - Legal Desire Media and Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legaldesire.com\/ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ernst &amp; Young appointed as transaction advisor by Govt for AirIndia disinvestment\" \/>\n<meta property=\"og:description\" content=\"Govt issues preliminary information memorandum on AirIndia disinvestment; proposes to sell 76 per cent stake.\u00a0\u00a0Ernst &amp; Young LLP India has been appointed as transaction advisor by GoI for advising and managing the proposed strategic appointed as transaction advisor. The divestment is to be carried out through the open competitive bidding process. The\u00a0government will retain a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legaldesire.com\/ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment\/\" \/>\n<meta property=\"og:site_name\" content=\"Legal Desire Media and Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/legaldesire\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-28T12:11:23+00:00\" \/>\n<meta name=\"author\" content=\"Legal Desire\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaldesire\" \/>\n<meta name=\"twitter:site\" content=\"@legaldesire\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal Desire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/legaldesire.com\/ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/legaldesire.com\/ernst-young-appointed-transaction-advisor-govt-airindia-disinvestment\/\"},\"author\":{\"name\":\"Legal Desire\",\"@id\":\"https:\/\/legaldesire.com\/#\/schema\/person\/f6547fc7f99389707193a6d6c157b353\"},\"headline\":\"Ernst &#038; 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