Consortium

PIA's management control has been transferred to a consortium including private investors and the Fauji Foundation, with a Rs10bn upfront payment and a commitment of Rs125bn for restructuring and improvements. The airline faces challenges such as financial losses, competition from Gulf carriers, and structural constraints despite privatisation.

A TPG-led consortium is acquiring India’s leading green finance shadow bank, signaling increased interest in renewable energy investments. The deal highlights growing private sector involvement in India’s green finance sector.