Special Correspondent

Three consortia shortlisted for the purpose

NEW DELHI: The Air-India Board sub-committee, which is considering the appointment of consultants to prepare a roadmap for merger of Air-India and Indian, on Tuesday shortlisted three consortia for the purpose.

The shortlisted consortia are: Accenture with Ambit Corporate Finance; ICICI Securities in association with Deloitte Touche Dohmatsu, N M Rothschild, Centre for Asia Pacific Aviation and M V Kini; and JM Morgan Stanley and AT Kearney with Amarchand Mangaldas.

The three parties would be given the detailed terms of reference to enable them to submit their final technical and financial bids, sources said.