I-Sec led consortium said to be AI’s merger consultant

Mumbai: A consortium led by ICICI Securities with financial institution Deloitte Touche Dohmatsu, investment bank N M Rothschild, law firm M V Kini & Co and the Centre for Asia-Pacific Aviation (CAPA) is likely to be appointed as a consultant for the proposed merger of the country’s flagship carriers Air India and Indian Airlines.
The final decision is pending a high-level committee meeting, slated July 14, 2006.
However, an Air-India spokesperson denied selecting the final consultant. The other short-listed consortia were Accenture with Ambit Corporate Finance, JM Morgan Stanley and AT Kearney with Amarchand Mangaldas.
Earlier, Air-India chairman and managing director V Thulasidas had said the selected consultant was likely to be given three months to prepare the roadmap for the merger.
12/07/06 Sagar Malviya/Financial Express

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