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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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.