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Empowered group approves sale of Pawan Hans to Star 9 at Rs211 crore

The Alternative Mechanism, committee empowered by the CCEA, has approved the highest bid of Star 9 Mobility Private Ltd for sale of entire government s 51 per cent of shareholding of Pawan Hans Limited (PHL) and transfer of management control.

Cong raises questions over Pawan Hans disinvestment, asks why merger with ONGC not explored - Jammu Kashmir Latest News | Tourism

NEW DELHI, May 1:  The Congress on Sunday raised questions over the deal to sale Centre’s 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), asking why the Government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old. 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 (PHL), […]

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