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After zero bids, New Delhi puts 100% of Air India up for sale

India to transfer less debt from flag carrier in new divestment try

The Indian government has agreed to sell its entire stake in Air India.   © Reuters

NEW DELHI -- India's government put the entire stake in Air India on the market Monday, as New Delhi makes another attempt to privatize the money-losing flag carrier.

Bids for Air India, wholly owned by the state, will be accepted through March 17. Prime Minister Narendra Modi's government placed 76% of the airline up for auction in 2018, but no company expressed interest.

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