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NCLT PAWAN HANS
Pawan Hans winning sale bid likely to be scrappedLast month, the Centre had scrapped the strategic sale of another public sector company, Central Electronics Ltd (CEL), after it discovered...- Centre may invite fresh bids for CEL after charges of riggingThe Centre had approved the sale of CEL in November last year to Nandal Leasing and Finance Ltd for ₹210 crore. The transaction was schedul...
- Budget 2024: Modest divestment targets seen for FY25, medium termThe latest review of the divestment process is spurred by the delay in privatisation bids as the strategic sale process remains time-consum...
- Strategic sale of Pawan Hans called off as winning bidder disqualifiedThe strategic disinvestment of Pawan Hans was called off on Monday by the government after bidding consortium Star9 Mobility Pvt Ltd was di...
- Dent in India’s aggressive privatisation plans is not unsettling New Delhi’s ambitionMost experts have termed the disinvestment targets as conservative. ICICI Research said the disinvestment targets are softer than anticipat...
- India agrees, the government shouldn’t be in the business of doing business: ET Online PollA poll of readers shows that a majority favours privatisation; a fourth say disinvestment will create monopolistic businesses. Ahead of the...
- Some hits, many misses: Do India's disinvestment plans need a reset?Prime Minister Narendra Modi's often-repeated statement 'the government has no business to be in business' guided the drawing up of an ambi...
- NCLAT order in favour of us, says Pawan Hans bid winnerThe principal bench of NCLAT on October 21 ruled that any observations made by NCLT to initiate action against Almas Global under Section 7...
- Clarity on eligibility of Almas Global as bidder for Pawan Hans strategic sale likely this month"The Almas Global case is scheduled for hearing at the NCLAT this month. We want to give the bidder due opportunity to meet the eligibility...
- Ring-fencing privatisation: Bidders may soon have to give full legal disclosuresThe move comes after a key constituent of the successful bidder for Pawan Hans received an adverse order from the Kolkata bench of the Nati...
- Ring-fencing privatisation: Bidders may soon have to give full legal disclosures"Bid documents are being amended," a government official told ET, adding that the idea is to seek details about the type of cases they face...
- Govt scraps sale of CEL to Nandal Finance; decision on Pawan Hans likely in SeptemberIn November last year, the government had approved sale of CEL -- a public sector enterprise under the Department of Scientific and Industr...
- Pawan Hans sale: Centre to examine NCLT order on key stakeholderThe NCLT had questioned the financial health of the Cayman Islands-based Almas Global Opportunity Fund SPC (AGOF), majority stakeholder in ...
- Govt puts Pawan Hans sale on hold over NCLT order against winning consortium memberStar9 Mobility had quoted Rs 211.14 crore for Pawan Hans, which was above the Reserve Price of Rs 199.92 crore fixed by the government on t...
- View: Some of Budget's boldest moves happened in financial sectorThe government has followed a consultative approach as a number of suggestions made by various industry forums over time have found accepta...
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