Govt to invite bids for 100% stake sale in Pawan Hans
The government will soon invite fresh bids for 100% stake sale in helicopter service provider Pawan Hans as ONGC has also approved the sale of its entire stake in the company, officials said. The government holds 51% stake in the company while state-run ONGC owns the remaining 49% shareholding. Pawan Hans maintains and operates a fleet of over 50 helicopters.