{"id":488076,"date":"2022-04-30T11:51:00","date_gmt":"2022-04-30T06:21:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=488076"},"modified":"2022-04-30T11:51:00","modified_gmt":"2022-04-30T06:21:00","slug":"government-sells-51-per-cent-stake-in-pawan-hans-to-star9-mobility","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-sells-51-per-cent-stake-in-pawan-hans-to-star9-mobility\/","title":{"rendered":"Government sells 51 per cent  stake in Pawan Hans to Star9 Mobility"},"content":{"rendered":"<p>NEW DELHI:  In the first strategic sale of a public sector unit in 2022-23, the government has sold its entire 51 per cent stake in Pawan Hans for Rs 211.14 crore to Star9 Mobility, the Ministry of Finance said in a statement on Friday.<\/p>\n<p>Star9 Mobility; a consortium of Big Charter, Maharaja Aviation and Almas Global Opportunity Fund SPC; emerged as the highest bidder among the three who submitted their financial bids. Pawan Hans, a joint venture between the Central government and ONGC, provides helicopter and aero mobility services. While the government held 51 per cent stake in the company, ONGC held a balance 49 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In the first strategic sale of a public sector unit in 2022-23, the government has sold its entire 51 per cent stake in Pawan Hans for Rs 211.14 crore to Star9 Mobility, the Ministry of Finance said in a statement on Friday. Star9 Mobility; a consortium of Big Charter, Maharaja Aviation and Almas Global Opportunity Fund SPC; emerged as the highest bidder among the three who submitted their financial bids. Pawan Hans, a joint venture between the Central government and ONGC, provides helicopter and aero mobility services. While the government held 51 per cent stake in the company, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208,130,143],"tags":[],"class_list":["post-488076","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=488076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/488076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=488076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=488076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=488076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}