The government will consider bringing out an initial public offer for flag carrier Air India and list it on the bourses, civil aviation minister Praful Patel said on Monday.
"The IPO would, however, not affect the public sector character of the airline and it will not be privatised," he told reporters. The proceeds of the IPO are expected to be ploughed into activities like expanding the fleet of the airline, which was earlier merged with its sister carrier Indian. Patel, however, did not give any time frame. "This is one area of intent. . . it (IPO) will bring in much-needed liquidity infusion and also accountability." --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
