Interups says it has 13,500 million euros ready for Air India, it can invest billions

The US Interups Fund says it has 13,500 rupees of capital available for investment in Air India and is ready to invest “billions of dollars” in the Indian aviation sector. The US-listed company has a market capitalization of just $ 28 million and has already bid for several bankrupt companies in India, including Lavasa Corporation, Steel Color Coated Steel and Reliance Naval.

It has not yet won a single company, and creditors say they want to see how Interups will arrange funds for its acquisitions in India before receiving any calls for bids. For the Air India offer, …

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First publication: Tuesday, December 15, 2020. 15:57 IST

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