Hinduja Group.(barred from bidding on Air India and Indian Airlines)(Brief Article)

Indian govcromcnt's Cabinet Committee on Disinvestment disqualified the London-based Hinduja Group from the bidding process for both Air-India and Indian Airlines because of the group's alleged involvement in the Indian army's Bofors gun deal in 1986, leaving Tata-Singapore Airlines as the sole bidder for Air-India.

But stringent conditions attached by the government to the bid, including various lock-in clauses and restrictions on restructuring and future share sales by strategic investors, make a deal appear less likely. The government also has mandated that both the