Bidding For Air India To Be Done On Enterprise Value, Says Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Thursday said bidding for Air India would be done on the basis of its enterprise value instead of equity value.

Enterprise value of a company includes the equity value, debt as well as cash with the company. Equity value measures the value of a company’s shares.

“We have decided to ask for bids for Air India on enterprise value,” Mr Puri said at a press conference.

Aviation Secretary Pradeep Singh Kharola said at the conference, “The bid will be on the enterprise value… In this enterprise value also, a ratio has been earmarked between how much he (bidder) can take as debt and how much he has to give as cash.”

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