With COVID-19 crisis escalating by the day impacting market and business sentiments, the government has extended the date for submitting the bids for buying 100 per cent stake in national carrier Air India by almost a month and half to April 30.
As per the preliminary information memorandum (PIM) issues in January, the date for submitting the bid was march 17, 2020.
The deadlines for response to bidder queries and announcing the name of those short-listed have also been extended. Accordingly, the new date for response to bidder queries on PIM is March 20 and for announcement of short-listed bidders is May 14.
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