The government has once again invited expressions of interest (EoIs) from bidders to sell its 51 per cent stake in Pawan Hans Ltd, after repeated attempts have failed to get a buyer. Experts said finding a buyer for the company will be a challenge even as it holds value in the oil and gas sector.
Interested buyers will have to submit EoI electronically by January 19, and will also have the option to buy entire 49 per cent stake held by Oil and Natural Gas Corporation in the helicopter service provider on similar price and terms, said the preliminary information memorandum issued by Department of Investment and Public Asset Management.
