The Hindu Business Line : AI-Indian merger: Three expert groups shortlisted

A final decision on the appointment of a consultant to draw up a roadmap for the merger of Air India and Indian (formerly Indian Airlines) is likely in the second week of July, after the sub-committee scrutinisesthe technical and financial bids of three shortlisted companies.

The sub-committee that met here on Tuesday decided to shortlist ICICI Securities, Accenture and A.T. Kearney, and they will be provided with the detailed terms of reference to enable them to submit their final technical and financial bids.

EOIs

The airline had received `expression of interest' from seven entities for drawing up a roadmap for the merger.

Consortiums

While Accenture had tied up with Ambit Corporate Finance, BOB Capital Markets had formed a consortium that included Airline Capital Associates, Karnik & Associations and Anmol Sekhri & Associates.

ICICI Securities' consortium includes Deloitte Touche Tohmatsu, N.M. Rothschild and Sons, Centre for Asia Pacific Aviation and M.V. Kini & Co.

Similarly, J.M. Morgan Stanley had tied up with A.T. Kearney and Amarchand Mangaldas while Ernst & Young consortium included IDBI Bank, Lufthansa Consulting and Luthra & Luthra.

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