Accenture to submit its report on AI & IA merger soon

Global IT consulting and outsourcing major Accenture along with Ambit Corporate Finance are preparing a blueprint for the impending merger of state-owned carriers Air-India and Indian Airlines. The proposed merger of state-owned carriers is expected to be completed in the current financial year, civil aviation minister Praful Patel said on Monday. Ambit would help the airlines in valuations, transaction structure and capital-raising opportunities, while Accenture would provide help in terms of impact on strategic issues along with issues of post integration management and drawing up a combined business plan. Eight merchant banking firms were initially in the race, out of which three were shortlisted. Accenture, which is acting as a consultant for this proposed merger would submit its report shortly to the ministry of civil aviation.
29/09/06 Indiaoutsourcewatch.com

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