Three in race for Air-India, Indian merger

New Delhi: The Air-India board sub-committee, which is considering the appointment of consultants to prepare a roadmap for merger of Air-India and Indian, shortlisted three consortia for the purpose.
The final decision on appointment of a consultant is likely to be taken by the second week of July, airline sources said.
The shortlisted consortia are Accenture with Ambit Corporate Finance; ICICI Securities in association with Deloitte Touche Dohmatsu, N M Rothschild, Centre for Asia Pacific Aviation and M V Kini; and JM Morgan Stanley and at Kearney with Amarchand Mangaldas.
The three parties would be given the detailed terms of reference to enable them to submit their final technical and financial bids, the sources said.
27/06/06 PTI/Financial Express

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