Govt invites bids to sell its 51 percent stake in Pawan Hans Ltd

Cabinet committee on economic affairs had earlier approved disinvestment of the government’s stake in Pawan Hans Ltd

GN Bureau | January 13, 2017


#PSU   #disinvestment   #Pawan Hans Ltd  
 
The department of investment and public asset management under the finance ministry has invited bids to appoint merchant bankers for selling the government’s entire 51 percent stake in Pawan Hans Helicopters Ltd—a miniratna undertaking, through strategic disinvestment.
A proposal ‘engagement of legal advisers for strategic disinvestment’ of Pawan Hans Ltd is recently uploaded by the department of investment and public asset management on its website.
 
According to reports, the cabinet committee on economic affairs had earlier approved disinvestment of the government’s stake in the state-controlled Pawan Hans Ltd. 
 
“The Government of India (GoI) has ‘in-principle’ decided to disinvestment 100 per cent of its shareholding in Pawan Hans Ltd. through strategic sale with transfer of management control”, the document states.
 
Fifty one percent equity stake in Pawan Hans is owned by the government while Oil and Natural Gas Corporation owns the remaining 49 percent.
 
The company’s authorised capital is Rs 250 crore, and paid up share capital is Rs 245.616 crore comprising of Rs 125.266 crores in the name of president of India (51%) and Rs 120.35 crore of ONGC Ltd. (49%) respectively. The company has 451 regular employees and 337 contractual staff.
 

Comments

 

Other News

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind

What is colonialism? A relook at modern history

The Chromatic World Order: The Fiction That Rules Our World  By Sajid Mohamed Aakar Books  

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Doctors, experts call for ban on junk food ads, mandate warning labels

More than 30 doctors, medical scientists and public health professionals have urged the government to take decisive action against the aggressive advertising and marketing of junk food, calling for a watershed ban on advertisements for foods high in fat, sugar and salt (HFSS) and ultra-processed foods (UPF

Asiatic Lion population rises from 523 in 2015 to 891 in 2025

On World Lion Day 2026, environment, forest and climate change Minister  Bhupender Yadav celebrated India’s remarkable journey in lion conservation and reaffirmed the country’s unwavering commitment to protecting wildlife and biodiversity.   In a post on soc

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter