Indian government will sell off up to 15% of Air India in the second half of next year, Civil Aviation Minister Praful Patel said this week, according to widespread press reports from New Delhi. Patel said the merged AI "certainly needs an infusion of equity to fund current acquisition needs and future growth. . .Its equity structure is very, very small." The company currently has an equity base of INR1.45 billion ($36.8 million), according to reports. Employees may be offered 4%-5% of the ...

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