Pawan Hans sale set to be junked
Disinvestment of Pawan Hans has been attempted four times without any success
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Disinvestment of Pawan Hans has been attempted four times without any success
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 privatisation of the public sector helicopter operator raises questions that the government so far has refused to answer. An investigation by The Wire and NewsClick.
Last month, the government approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with the transfer of management control for Rs 211.14 crore to Star9 Mobility Private Ltd.
The strategic disinvestment of Pawan Hans has been attempted 3 times before but the government has been successful only now with Star9 Mobility