After two unsuccessful attempts, the government on Tuesday invited fresh bids for strategic sale of helicopter services provider Pawan Hans along with transfer of management control.
The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds 49 per cent stake.
ONGC had earlier decided to offer its entire stake in the company for sale along with government stake.
The Department of Investment and Public Asset Management (DIPAM) has floated the Preliminary Information Memorandum (PIM) inviting Expression of Interest (EoI) from potential buyers by January 19, 2021.
The government had earlier decided to disinvest its entire equity shareholding in Pawan Hans by way of strategic disinvestment along with transfer of management control.
