Tuesday, 23 May 2017

Air India to raise Rs 80 cr from sale of assets >> Daily Intraday Tips

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The Indian Government has said that Air India plans to raise around Rs 80 crore through sale of its seven properties, including some land parcels, as a part of its asset monetisation plan. Commenting on the issue, an Air India Official told the media, "Air India proposes to sell its exclusive properties in the form of land parcels/built-up flats located at prime location in Mumbai, Bengaluru and Trivandrum through e-auction process by MSTC." "We are hopeful of raising Rs 80 crore from the e-auctioning of the seven properties, which include both land parcels and flats," he added.

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