To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is likely to further extend the deadline for putting in a preliminary expression of interest for the loss-making national carrier to December 15. The source said bids will be sought on an enterprise value basis - a popular valuation methodology for takeover deals.
Over two lakh posts are estimated to be created by the Central government in its various departments.
According to officials, more clarity might be required with regard to foreign fund managers in the context of Air India divestment.
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