The government may finalise the winning bid for state-run helicopter service provider Pawan Hans soon from a pool of bidders, including Sajjan Jindal-led JSW Steel and Jindal Steel & Power, owned by his brother Navin Jindal, official sources said. “First, the reserve price has to be fixed before the financial bids are opened,” an official told FE, adding that the deal could happen in a few days.
After the independent fixation of the reserve price, the already received sealed financial bids will be opened in the presence of the bidders. The Centre could garner around Rs 500 crore from its 51% stake sale in the helicopter firm.
