Centre receives multiple expressions of interest for helicopter service provider Pawan Hans

The government has received multiple expressions of interest (EoI) for the privatisation of helicopter service provider Pawan Hans, department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey said on Thursday.

“The transaction will now move to the second stage (in the two-stage process),” he said in a tweet.

On December 8, the Centre had invited fresh EoI for its 51% stake in the firm, by allowing the potential buyer to asset strip and change shareholding after one year of acquisition of the controlling stake.