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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4247)	5/10/1999 1:42:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India to privatise Indian Airlines? nic.in Caretaker govt decides to allow Indian Airlines to tap capital market In a major -- and controversial -- decision to privatise the government-owned Indian Airlines, the Cabinet Committee on Economic Affairs today cleared a proposal to implement the Kelkar Committee report by allowing the company to raise funds from the capital market. Announcing the decision, an official spokesperson said Prime Minister Atal Bihari Vajpayee chaired the meeting this afternoon. The government has agreed to release Rs 3.25 billion towards equity of the main domestic airline. The airline has also been allowed to mobilise funds from the capital market through initial public offering or any other modalities available for restructuring as recommended by the Kelkar Committee. .... 216.32.165.70