Air India receives good response to auction of 14 properties

Air India today a saw good response to an auction of its properties with 10 of them receiving bids worth more than their reserve price.

The airline is seeking to divest its non-core assets. The bidding process for its 14 properties located in different parts of the country concluded today.

Valued above Rs 500 crore, nearly 30 properties will be auctioned by the first week of September by the state-run auctioneer, MSTC Ltd.

These properties include flats, residential and commercial land plots as well as office buildings across the country.

"We have received good bids for the properties that were put up for auction today. We got bids above the reserve price for 10 out of the total 14 properties," Air India CMD Rajiv Bansal told

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)