The Government has said that it has approved the highest bid of Star9 Mobility Pvt Ltd for the sale of its 51 per cent stake in Pawan Hans Limited for Rs 211.14 crore.
Get latest articles and stories on India at LatestLY. The Government has said that it has approved the highest bid of Star9 Mobility Pvt Ltd for the sale of its 51 per cent stake in Pawan Hans Limited for Rs 211.14 crore. India News | Private Consortium Bags Pawan Hans After Three Failed Divestment Bids.
Star9 Mobility Private Ltd, a consortium of Big Charter Private Limited, Maharaja Aviation Private Limited and Almas Global Opportunity Fund SPC, emerged as the highest bidder quoting Rs 211.14 crore, the FinMin stated.
The Alternative Mechanism, empowered by the Cabinet Committee on Economic Affairs (CCEA), has approved the highest bid of Star9 Mobility Private Ltd for the sale of entire shareholding of the Government of India (GOI) (51% of shareholding) of Pawan Hans Limited (PHL) and transfer of management control.
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 .