Wadi Group-led low fare carrier GoAir is learnt to be in talks with Qatar Airways to sell around 40 percent stake to the former. The Mumbai-based airline has already appointed two bankers to facilitate this deal, reports CNBC-TV18’s Kritika Saxena. Sources also indicate that talks have already begun for a likely sale.
Currently, the valuation details have not been discussed. The Wadias hold complete stake in GoAir, which increases the scope of bringing it down to reduce its debt. The Qatar-based airline will also have the option to hike it to 49 percent under foreign direct investment (FDI) regulations eventually.
08/08/13 Kritika Saxena/CNBC-TV18/moneycontrol.com
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