Multiple EoIs for Pawan Hans’ disinvestment
The Centre has received multiple expressions ...
The Centre has received multiple expressions of interest (EoI) for the privatisation of Pawan Hans Ltd. Taking to Twitter, Secretary, Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey said the disinvestment process will now move to its second phase.
“Multiple expressions of interest have been received for privatisation of Pawan Hans Limited. The transaction will now move to the second stage,” he said. The extended deadline for the submission of EoIs ended in February. The original deadline for the submission of EoIs was January.
After repeated failed attempts to disinvest the public sector helicopter service provider, the Central government again initiated the process of the sale of the Mini Ratna company in December last year with the release of the Preliminary Information Memorandum. Further, the deadline for the submission of physical copies for interested bidders submitting electronically is March 5. The company’s authorised capital as on March 31, 2020 was Rs 560 crore and paid-up share capital was Rs 557.48 crore.