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PAWAN HANS SALE
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...- Delhi High Court quashes Rs 176 crore VAT demand on Pawan HansThe Delhi High Court overturned a Rs 176 crore VAT demand against Pawan Hans, a helicopter charter company. The court ruled that the agreem...
- 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...
- 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 ...
- JSW Steel denies bidding for Pawan Hans; says not interested in asset"The media report is baseless and has no substance. It is hereby denied that JSW Steel Ltd submitted a bid for acquisition of Pawan Hans an...
- Government extends bid deadline for Pawan Hans by a month to February 18The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds the remaining 49 per cent. ONGC has decide...
- Govt invites fresh bids for Pawan Hans saleThe government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds 49 per cent stake.
- Pawan Hans stake sale: Government extends EoI deadline by a weekThis is the second time the date has been extended.
- Government sweetens deal to attract bidders for Pawan HansNow, the successful bidder would be required to retain all permanent employees for a period of at least a year.
- Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liabilityThe government holds 51 per cent stake in helicopter service provider Pawan Hans, and the remaining 49 per cent is with ONGC
- Financial bids for Pawan Hans to be submitted by March 6The transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation (MoCA).
- Pawan Hans sale: Bidders to soon get final share purchase pactThe government holds 51 per cent stake in Pawan Hans, which has a fleet of 46 choppers.
- Merge Pawan Hans with Hindustan Aeronautics: Officers unionSuch a merger would strengthen both the domestic civil and defence aviation sectors, the Pawan Hans Officers Welfare Association (PHOWA) sa...
- Pawan Hans sale: Government to invite bids for 100% stakeSome investors had suggested that the government's 51% and ONGC's 49% stake should be sold together.
- ONGC board approves exiting Pawan Hans, to sell 49% stakeONGC wants its interest to be clubbed with the 51 per cent government stake that is already on offer for sale, they said.
- Government receives bids for Pawan Hans stake saleA profit-making entity, Pawan Hans is a joint venture between the central government and state-owned ONGC.
- Govt pulls out memo inviting bids for Pawan Hans saleThe whole process is being revisited as the PIM (preliminary information memorandum) failed to attract enough bidders, sources said.
- Union opposes Pawan Hans sale, writes to PMO to look at IPOThe government had last October invited bids to buy out its entire 51% stake in Pawan Hans.
- Pawan Hans employees oppose disinvestment planPawan Hans is a joint venture between the Central Government and ONGC with the former holding 51 per cent stake and latter the rest 49 per ...
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