NEW DELHI: The government has decided to keep the sale process of Pawan Hans on hold till elections as only one investor has put in financial bids for buying the helicopter service provider. The government holds 51 per cent stake in helicopter service provider Pawan Hans, and the remaining 49 per cent is with ONGC.
Investors had time till March 6 to put in their financial bids for up to 100 per cent stake in Pawan Hans. “The Transaction Advisor for Pawan Hans has informed us that a single eligible bid has come in. A call has to be taken whether to go ahead with single bidder or reconvene the entire bidding process. It has been decided to wait till the elections are over and a new government is formed,” an official said.
