Begin typing your search above and press return to search.

Government seeks bids for Pawan Hans by Aug 22

Government seeks bids for Pawan Hans by Aug 22

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  14 Aug 2019 7:55 AM GMT

New Delhi: The government has initiated the second step for disinvestment of Pawan Hans Limited (PHL), inviting expression of interest from the prospective bidders to sell its stake in the helicopter PSU. The Centre is planning to exit Pawan Hans by selling its 51 per cent stake along with the transfer of management control. The Expression of Interest (EOI) window is open till August 22. Both the shareholders of PHL — the government and the ONGC will indemnify the contingent liabilities to the extent of over Rs 500 crore for the potential buyers.

The renewed process had in fact gathered momentum with issuance of PIM (preliminary information memorandum) on July 11, 2019. (IANS)

Also Read: Government Invites Fresh Bids To Sell Pawan Hans Ltd (PHL)

Also Watch: AJYCP and Gorkha Students’ Union staged protest in Tinsukia

Next Story