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 That bid was withdrawn after ONGC determined to promote its 49 per cent stake within the firm and the federal government’s stake.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.
Govt calls off Pawan Hans strategic sale for third time as profitable bidder discovered unfit
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