Dear NJM,
Yes we put our Expression of Interest on Air India.
pulling the rug to the surprise of many, we offered employees 51% to have participation at zero cost.
By limiting ourselves to 49% smartly we have avoided any 49% rules and restrictions that some challengers may pose on us. Air India has huge issues with employees and in one stroke our EOI calms their minds down, makes the government think of our serious bidding and Interups will win the minds of thousands of employees and the soft minded citizens....who wish the National Carrier to remain...
I cannot say we will surely win the bid, but, I can write we are heavy contender now...
Now David vs Goliath...and I am known for my tough fights....
Wish me all the luck,
On Closing of at least one Transaction, we should hit the button on Lavasa but I will update you on in a week's time.
Laxmi Prasad