Explained: 100% Stake Sale of Air India
Автор: BYJU'S IAS
Загружено: 2020-02-14
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The government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process.
The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment.
Here is a look at the important points regarding the proposed disinvestment:
1. Transfer of management control and sale of 100% shares of Air India along with Air India’s 100% stake in its subsidiary, Air India Express Limited and 50% stake in joint venture, AISATS.
2. Freezing of Debt in Air India at Rs.23,286.5 crore which is approximately equivalent to the Written Down Value (WDV) of combined assets of Air India and Air India Express.
3. The liabilities to be retained in Air India will be equal to certain current and non-current assets. Considering the combined figures as on March 31, 2019 the liabilities retained would be Rs 8771.5 crore.
4. The remaining debt and liabilities of Air India and Air India Express will be allocated to SPV (Air India Assets Holding Limited).
Watch the video lecture for detailed coverage of the proposal.
#AirIndia
#MaharajaForSale
#Disinvestment
Happy Learning!
BYJU’S IAS.
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