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Govt. to sell Pawan Hans Helicopters

By Niranjan Mudholkar,

Added 16 December 2016

Strategic buyer to be identified through two-stage auction process

The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on Oct 27, 2016 has given ‘in-principle' approval for strategic disinvestment of CPSEs including Pawan Hans Limited based on the recommendations of the Core Group of Secretaries on Disinvestment.

CCEA has approved the recommendation for disinvestment of 100 percent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Limited (PHL).

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