Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17
4 years, 1 month ago

Govt Seeks EoIs for Sale of Pawan Hans Once Again, Shortlisted Bidders to be Intimated by February 17

News 18  

After repeated failed attempts to disinvest public sector helicopter service provider, Pawan Hans, the Central government has again initiated the process of its sale and has sought expressions of interest for the Mini Ratna company. Around 2,84,316 equity shares are held by the President of India, through Ministry of Civil Aviation, aggregating to 51 per cent of the total paid-up share capital, and 2,73,166 equity shares are held by ONGC, aggregating to 49 per cent of the total paid-up share capital. ONGC has also decided to offer its entire shareholding of 49 per cent in PHL to the successful bidder at the same discovered price per share and on same terms and conditions as agreed by the government, except for the rights available exclusively to the government. The successful bidder, as identified by the government, will have the option to buy entire ONGC stake of 49 per cent in PHL on similar price and terms.

Share Ongc Eoi Phl 49 Per Cent  cent  equity  17  eois  successful  share  shortlisted  sale  entire  pawan  bidders  total  paidup  phl  seeks  hans  govt  capital  49  intimated

History of this topic

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Live Mint  

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Live Mint  

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The Hindu  

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ABP News  

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Live Mint  

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Live Mint  

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1 year, 9 months ago

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News 18  

India is planning to sell up to 3.5% stake in aerospace and defence company Hindustan Aeronautics Ltd this week in a deal that could fetch the government 28.67 billion rupees, an exchange filing showed on Wednesday. So far, the government has mopped up 311.1 billion rupees by selling its shares in state-run firms as against its target of 500 billion …

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2 years ago

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Live Mint  

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Star9 Mobility Pvt Ltd to buy govt's 51% stake in Pawan Hans helicopter service provider for Rs 211 crore
2 years, 8 months ago

Star9 Mobility Pvt Ltd to buy govt's 51% stake in Pawan Hans helicopter service provider for Rs 211 crore

Firstpost  

New Delhi: The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government’s 51 per cent stake in helicopter services provider Pawan Hans Ltd, along with the transfer of management control, for Rs 211.14 crore. “M/s Star9 Mobility Private Ltd, a consortium of M/s Big Charter Private Limited, M/s Maharaja Aviation Private Limited and M/s Almas Global …

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2 years, 8 months ago

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India TV News  

Highlights The government has approved selling its 51 per cent stake in helicopter services provider Pawan Hans PHL is a 51:49 joint venture of the govt and ONGC providing helicopter and aero mobility services The Reserve Price for sale of 51 per cent shareholding of PHL was fixed at Rs 199.92 crore The government has approved selling its 51 per …

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ABP News  

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3 years, 2 months ago

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News 18  

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Pawan Hans Privatisation Receives Multiple Bids, Says DIPAM Secretary Tuhin Kanta Pandey
3 years, 10 months ago

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News 18  

The government has received multiple preliminary bids for strategic sale of Pawan Hans, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. Thursday was the last date for putting bids for Pawan Hans, in which government owns 51 per cent stake while Oil and Natural Gas Corp holds the remaining 49 per cent. After multiple failed attempts, the Department of Investment …

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3 years, 11 months ago

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News 18  

The government is expected to garner Rs 2,664 crore from offloading 10 per stake sale in India’s largest steelmaker SAIL through an offer for sale which was subscribed over five times on Friday. Earlier this week, the government had proposed OFS of 20.6 crore shares of face value of Rs 10 each, with an option to additionally sell up to …

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3 years, 11 months ago

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News 18  

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4 years ago

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News 18  

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4 years ago

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India TV News  

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4 years, 4 months ago

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News 18  

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4 years, 4 months ago

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News 18  

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Mukesh Ambani gets 5.52 lakh shares in Reliance rights issue
4 years, 6 months ago

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India TV News  

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4 years, 7 months ago

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Firstpost  

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4 years, 7 months ago

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Firstpost  

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4 years, 9 months ago

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Firstpost  

The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April New Delhi: The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April. Home Minister Amit Shah-led ministerial panel on Air India decided on extending the deadline for submission …

Yes Bank sells over 17 lakh shares of Reliance Capital for Rs 2.8 crore, reveals bulk deal data on NSE
5 years, 1 month ago

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Firstpost  

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5 years, 2 months ago

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Live Mint  

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5 years, 3 months ago

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Firstpost  

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Government invites fresh bids to sell Pawan Hans
5 years, 5 months ago

Government invites fresh bids to sell Pawan Hans

Live Mint  

Mumbai: After previous unsuccessful attempts to sell the country's biggest public sector helicopter operator, Pawan Hans Ltd, the government on Thursday invited fresh bids for offloading its stake in the company. The government holds 51% stake in PHL and the rest is held by Oil and Natural Gas Corporation, Mumbai, in what now ranks as South Asia's largest helicopter company. …

Evaluating selling entire 20% stake in Shriram Capital: Piramal Enterprises
5 years, 6 months ago

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Live Mint  

New Delhi: Piramal Enterprises Monday said it is planning to sell its entire holding of around 20 per cent stake in Shriram Capital Ltd to fund growth of its financial services business. The company had earlier this month sold its entire holding of 10 per cent holding in Shriram Transport Finance Co Ltd for ₹2,300 crore. "As part of the …

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