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HomeTravelGovt calls off Pawan Hans strategic sale for third time as profitable...

Govt calls off Pawan Hans strategic sale for third time as profitable bidder discovered unfit


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In 2018, the federal government first invited bids to promote a 51 per cent stake in Pawan Hans. That bid was withdrawn after ONGC determined to promote its 49 per cent stake within the firm and the federal government’s stake. In 2019, a second try was made to promote Pawan Hans, however the sale course of did not obtain any investor response.

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