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The government has put on hold the sale of Pawan Hans as it is legally examining an NCLT order against Almas Global, which is the biggest shareholder in the winning consortium, an official said on Monday.
The government has put on hold the sale of Pawan Hans as it is legally examining an NCLT order against Almas Global, which is the biggest shareholder in the winning consortium, an official said on Monday.
Nandal Finance and Leasing, the bidder at the centre of the storm, is owned by the promoters of Sharda University, who have had business dealings with the family of a BJP treasurer in Uttar Pradesh.
With just `Rs 9,329.9 crore mopped up against a disinvestment target of `Rs 1.75 lakh crore for FY22 and with just two months to go, the government’s ambitious attempt is likely to come a cropper. What could salvage the situation for now, and how can it execute better in future?
'It does not make sense to ignore the intrinsic value of the CEL’s assets, tangible and intangible, including its brand value built over four decades.'