Travel News - Govt reduces lock-in period, lowers net worth for Pawan Hans stake sale
Govt reduces lock-in period, lowers net worth for Pawan Hans stake sale The Ministry of Finance has sweetened the terms to sell helicopter operator Pawan Hans in its fourth attempt, reducing minimum net worth for potential bidders and the lock-in period of investment, and allowing the successful bidder to sell assets after one year. The investor is now allowed to sell assets one year after acquisition instead of two years proposed in the EoI issued last year, reports Asit Ranjan Misra in Mint. While change in shareholding among consortium partners was not allow...
Source: travelbizmonitor.com