The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds 49 per cent stake.

The transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation (MoCA).

Such a merger would strengthen both the domestic civil and defence aviation sectors, the Pawan Hans Officers Welfare Association (PHOWA) sa...

The government is in the process of disinvesting its entire 51 per cent shareholding in Pawan Hans.

ONGC wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, they said.

The whole process is being revisited as the PIM (preliminary information memorandum) failed to attract enough bidders, sources said.

In October last year, the Cabinet Committee on Economic Affairs (CCEA) had given in-principle approval for strategic disinvestment of the P...

In October last year, the Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval for strategic disinvestment of p...

During the meeting, which went on for a little over one- and-a-half hours, some members raised concerns about the future of employees, post...

The 31-member panel is headed by Trinamool Congress member Mukul Roy and has 21 MPs from the Lok Sabha. The members include those from the ...

The helicopter services operator is a joint venture where the central government holds 51 per cent stake and the remaining is with state-ow...

The government owns 51% in Pawan Hans through the civil aviation ministry while 49% stake is with another state-run entity, ONGC.

Set up in 1985, Pawan Hans currently has a fleet of 46 helicopters. The company reported a net profit of Rs 38.8 crore in FY15.

The government has sought applications from entities to act as transaction advisor for the proposed disinvestment of its stake in the compa...

Most of the companies give a discount of up to 5 per cent on the final offer price to this group of investors.

According to Italian court documents, Michel had drawn up a plan to buy obsolete helicopters from Pawan Hans at a throwaway price.

Pawan Hans, the leader in off-shore helicopter operations in India would soon start schedule airline services.