AI board reviews merger consultant selection

Mumbai, Jun 19: The Air India Board Sub-Committee which met here last week reviewed the Expression of Interest received from various parties for appointment as Consultant for preparing a road-map for the merger of Air India and Indian.

An AI release issued here today said the parties/consortia who responded to the Expression of Interest were:Accenture with Ambit Corporate Finance, BOB Capital Markets with Airline Capital Associates, Karnik and Associations, Anmol Sekhri and Associates, Ernst&Young with IDBI Bank, Lufthansa Consulting and Luthra&Luthra, ICICI Securities in association with Deloitte Touche Tohmatsu, NM Rothschild&Sons, Centre for Asia Pacific Aviation and MV Kini&Co, JM Morgan Stanley and AT Kearney, with Amarchand Mangaldas, Price Waterhouse Coopers, SBI Capital Markets, with Simat, Hilliesen&Eichner, Trilegal and Lodha&Co.

The Board Committee decided to invite the parties for a presentation on June 26 and 27 in order to shortlist the bidders who would finally be asked to submit financial bids based on which the final selection would be made.

UNI