NRIs can now acquire up to 100% stake sale in AIRINDIA | 100 % FDI in AIRINDIA

Union Cabinet approves FDI in civil aviation; allows NRIs to buy 100 per cent stake in Air India

Non-resident Indians (NRIs) can acquire up to 100 per cent equity in Air India, Union minister Prakash Javadekar announced on Wednesday. "FDI Policy amended to permit foreign Investments in M/S Air India Ltd byNRIs who are Indian nationals, up to 100 per cent under automatic route.

Non-resident Indians (NRIs) -- who have Indian citizenship -- can now own upto 100% of Air India (AI) without violating the substantial ownership and effective control (SOEC) norm. The Union Cabinet on Wednesday cleared this move as AI divestment process is known to widen the base of bidders.

At least two London-based NRI business houses have been considering to operate an airline in India.


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