Successful bidder in Pawan Hans strategic disinvestment disqualified, process annulled thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The government had, on April 29, 2022, approved the highest bidder Star9 Mobility, a consortium of Maharaja Aviation, Big Charter and Almas Global Opportunity Fund as the successful bidder for sale of 100 per cent equity shareholding of the government in Pawan Hans.
Even as Almas Global expressed surprise at the NCLT ruling, legal experts say the development may have its fallout in the Star9 Consortium’s winning bid for Pawan Hans being disqualified.
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 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.