(Bloomberg) — India further reduced — to $3.3 billion — the amount of debt bidders for Air India Ltd. will need to absorb and eased some eligibility requirements, as Prime Minister Narendra Modi tries once again to sell the national carrier.Expressions of interest are invited by March 17, according to preliminary terms published Monday. The entire company will be sold but effective control needs to stay with Indian nationals, and bidders would need to accept a little more than a third of Air India’s debt — down from two-thirds the last time around when not a single suitor could be …read more
Source:: Yahoo Finance
