Govt extends bid deadline for Pawan Hans by a month to Feb 18
The Department of Investment and Public Asset Management (DIPAM) had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The date for bid submission was January 19.
Government invites fresh bids for Pawan Hans sale
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 (DIPAM) had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The date for bid submission was January 19.
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Govt extends bid deadline for Pawan Hans by a month to Feb 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 (DIPAM) had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The date for bid submission was January 19.
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The deadline has now been extended to February 18 in view of the prevailing Covid-19 situation and consequent logistical challenges faced by Interested Bidders, DIPAM said in a notice.
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The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds the remaining 49 per cent. ONGC has decided to offer its entire shareholding in the company for sale along with the government stake.
Centre extends bidding deadlines for Pawan Hans disinvestment
Updated:
Updated:
January 17, 2021 22:19 IST
The government had invited expressions of interest from bidders for its 51% stake in mini-Ratna PSU Pawan Hans, with January 19 as the deadline.
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Big stakes: The government had invited expressions of interest from bidders for its 51% stake in Pawan Hans.
The government had invited expressions of interest from bidders for its 51% stake in mini-Ratna PSU Pawan Hans, with January 19 as the deadline. The Finance Ministry has extended the bidding deadlines for the strategic disinvestment of Pawan Hans by a month, citing logistical challenges faced by interested bidders due to the COVID-19 pandemic.