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

Pawan Hans Privatisation Receives Multiple Bids, Says DIPAM Secretary Tuhin Kanta Pandey

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 and Public Asset Management had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The government is targeting to conclude strategic sale of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam Ltd, in the next fiscal.

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History of this topic

Pawan Hans Disinvestment: JSW Steel, JSPL Bids May Be Decided Soon; Check Details
2 years, 8 months ago

Pawan Hans Disinvestment: JSW Steel, JSPL Bids May Be Decided Soon; Check Details

News 18  

The government is expected to finalise the sale of ailing helicopter operator Pawan Hans on Saturday and bids from JSW Steel and Jindal Steel & Power Ltd have been received, according to a report quoting sources. The Pawan Hans disinvestment Hans is estimated to fetch Rs 300-350 crore. The government has a disinvestment target of Rs 65,000 crore for the …

Govt Extends Bid Deadline for Pawan Hans by a Month to February 18
3 years, 11 months ago

Govt Extends Bid Deadline for Pawan Hans by a Month to February 18

News 18  

The government has extended the preliminary bid submission deadline for buying Pawan Hans by a month till February 18. The Department of Investment and Public Asset Management had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The government owns 51 per cent stake in Pawan Hans, while Oil and …

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

Government seeks bids for Pawan Hans by 22 August
5 years, 4 months ago

Government seeks bids for Pawan Hans by 22 August

Live Mint  

New Delhi: The government has initiated the second step for disinvestment of Pawan Hans Limited, inviting expression of interest from the prospective bidders to sell its stake in the helicopter PSU. After an unsuccessful attempt for sale of Pawan Hans earlier this year, the government provided indemnity to the potential buyers against contingent liability of over ₹500 crore in the …

Govt sweetens deal to attract bidders for Pawan Hans by diluting crucial terms
5 years, 5 months ago

Govt sweetens deal to attract bidders for Pawan Hans by diluting crucial terms

Live Mint  

New Delhi: Having failed to privatise Pawan Hans last fiscal, the government has significantly diluted the terms of sale pertaining to employee retrenchment, asset sale and tax liability to attract bidders this time around, sources said. According to the revised sale terms, the successful bidder would be permitted to provide voluntary retirement scheme to existing Pawan Hans employees as per …

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