Business Standard

Wednesday, December 25, 2024 | 10:45 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Govt receives bids for Pawan Hans stake sale

Image

Press Trust of India New Delhi

Bids have been received for the strategic stake sale in helicopter services provider Pawan Hans, Civil Aviation Secretary R N Choubey said today.

A profit-making entity, Pawan Hans is a joint venture between the central government and state-owned ONGC.

Under the disinvestment proposal, the government offered to offload its entire 51 per cent stake in the company.

Bids have been received for Pawan Hans stake sale, Choubey said here.

The last date for submission of initial bids was June 18.

After a tepid response earlier, the government came out with a fresh information memorandum for the strategic stake sale in April.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 20 2018 | 3:45 PM IST

Explore News