Ruia group's bid for Air India: assets of Dunlop, Jessop not part net worth

Kolkata-based Ruia Group, which has submitted an expression of interest (EoI) to buy Air Indias 100 per cent stake, remained upbeat that the company will face no hurdle in meeting the net worth criteria of Rs 3,500 crore, sources aware of the development said on Thursday. The assets of Dunlop, Falcon and Jessop, which the group had earlier taken over, are not part of the net worth furnished for the EoI for Air India, sources said. The company is now competing with Tata Group and Air India Employee Consortium for buying the lossmaking national carrier.