Air India disinvestment to be completed in fiscal 2022

Disinvestment of Air India will be completed in 2021-22, Finance Minister Nirmala Sitharaman said in her budget speech on Monday and allocated as Rs 2,268 crore for a special purpose vehicle set up as part of financial restructuring of the debt-laden national carrier.
Air India is currently under disinvestment process. Multiple entities submitted their expression of interests (EOIs) for the carrier last month. The government is likely to reveal the names of qualified bidders in the coming weeks.