Good news from Govt. in the morning.
Cabinet clears Air India, Indian merger
2007-03-02 09:09:46 Source: Moneycontrol.com
Clearing the last hurdle, the cabinet passed the Air India and Indian merger reports CNBC-TV18.
The government will continue to be the sole owner of the merged entity. It will look for IPOs after approval of a committee consisting of the finance ministry.
The merger structure is yet to be set in place and consultations with stakeholders and employees will continue.
The decision on branding & headquarters will be decided in consultation with the ministry of civil aviation. V.Thulasidas, Air India’s chairman says that for the merger itself, a new company will be formed.
The government has not announced what the name of the merged entity will be, but sources say it might be called Air Indian since the Indian brand does not have much equity.
More on the link bellow: http://timesofindia.indiatimes.com/articleshow/1709814.cms
Best Regards,
chirag gandhi
project manager
mudra
mudra towers
shanti sadan society ellisbridge
ahmedabad 380 006 india
m (91) 93761 09333
t (91-79) 39820000
f (91-79) 26463606
Posts
No comments:
Post a Comment