India Business Journal - Pawan Hans on the block for 4th time

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Pawan Hans on the block for 4th time

IBJ Bureau
Dec 31, 2020

The Centre has invited fresh Expression of Interest (EoI) for its 51 per cent stake in State-run Pawan Hans with easier terms. This is the fourth attempt by the government to offload stake in the company after its previous three offers found no takers. Under the new terms, the government has allowed potential buyer to sell assets and change shareholding after one year of acquisition of the controlling stake in the helicopter company. In the previous EoI terms, asset stripping was allowed after two years, while change in shareholding was allowed after three years. The due date for submission of EoI is January 19, 2021.