Cong questions BJP over move to disinvest in Pawan Hans

Congress on Sunday continued its attack on the Modi Government over its “surreptitious” move to disinvest several PSUs including the latest move the sell off the stakes in State owned Pawan Hans Ltd by fraudulent means. Raising questions and elaborating on the loopholes over the deal to sell Centre’s 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL). The party sought to know why the government did not explore merging the firm with ONGC instead of deciding to hand it over to a consortium that is just six-months-old.

The Finance Ministry on Friday said Star9 Mobility Pvt Ltd will buy the government’s 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL), along with the transfer of management control, for Rs 211.14 crore.