28 june 2000

leading merchant bankers in race for air india mandate
new delhi: in keeping with the government’s decision to disinvest 40 per cent equity in the country’s international airline, air india, the department of disinvestment has invited merchant bankers to make presentations for getting the mandate to manage the disinvestment.

the country’s leading merchant bankers including merrill lynch, salomon smith barney and lazard capital are said to be in the race for bagging the mandate. these firms lead a consortium of merchant bankers and civil aviation experts. they are to make their respective presentations on june 29 and 30, after which the financial bids will be invited and the shortlist prepared.

26 june 2000