Air India: US based fund in talks with banks, others to join the bid

The InvIT structure will help the fund to encourage institutional investors to participate in Air India's growth story once its privatisation is over

Topics
Air India | InvIT | Air India sale

Dev Chatterjee  |  Mumbai 

With the Tatas unsure about making a bid for Air India, rival bidder US based fund, Interups Inc is giving final touches to its bids which includes an InvIT structure to house all the revenue generating infrastructure of the airline.

The InvIT (infrastructure investment trust) structure will help the fund to encourage institutional investors to participate in Air India’s growth story once its privatisation is over. The core airline’s operations will not be the part of InvIT structure. “The Tatas are unsure about making the bid especially after they have to raise ...

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First Published: Sun, September 27 2020. 12:19 IST
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