The Air India Employees Provident Fund (AIEPF) trust and Indian Airlines Employees Provident Fund (IAEPF) trust are governed by the Provident Fund Trust Act, 1925. The two trusts’ investments together amounted to Rs 4,500 crore as of August 31, 2021, according to the tender document, seeking RFPs for the appointment of the transaction advisors.

Out of AIEPF trust’s corpus, 68.75 per cent was invested in central and state government bonds, 22.40 per cent in corporate bonds and 8.85 per cent in SDS (Special Deposit Scheme). In the case of IAEPF trust, 45.93 per cent of the investments were in central and state government bonds, 39.28 per cent in corporate bonds, 13.35 per cent in SDS and 1.44 per cent in equity.

• Transrail Lighting Bags Rs 459 Cr MENA Transmission Orders
• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

The last date for Request for Proposal (RFP) submission for appointment of transaction advisors is October 18. Among others, the transaction advisors will guide the PF trusts for the process to be adopted to sell securities.