EY, the consultancy entity, and investment bankers Rothschild have been chosen as transaction advisors for the proposed disinvestment of state-owned airline Air India. Legal firm Cyril Amarchand Mangaldas will act be legal advisor for the process. KPMG, Shardul Amarchand Mangaldas and Luthra & Luthra made it to the final round in technical bids. They were then edged out by the winners in financial bidding; the advisory fees quoted by the latter were lower. According to sources, EY and Rothschild, according to their quote, will get 0.2 per cent of the total transaction ...
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First Published: Sat, October 28 2017. 01:53 IST
