EY is the government’s transaction adviser to manage the Air India divestment process. The names and identity of potential Air India bidders will remain confidential with the transaction adviser and may be shared in national interest with specific agencies only on government advice, the department of investment and public asset management (DIPAM).
Each of the potential bidders will be assigned a code by the transaction adviser. All activities including due diligence, site visits, bidding, etc, shall be performed using the code only. A non-disclosure undertaking should be signed by the potential bidder, inter alia, undertaking that the entity and its employees shall not reveal the identity and/or contact any member of the CPSE (central public sector enterprise) or the administrative ministry/DIPAM, and also keep the data/information of CPSE strictly private.