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As per its approved Financial Restructuring Plan, Air India is required to raise Rs.5000 crores over a period of ten years through asset monetization.
Accordingly, Air India has appointed M/s. DTZ International Property Advisors Private Limited as global real estate consultant to examine its properties in India and abroad and to suggest a road-map for the monetization of the same.
The Consultant is in the process of identification of the properties.
This information was given by the Minister of State for Civil Aviation Shri K.C. Venugopal in a written reply to a question in Lok Sabha today.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.