Government invites fresh bids for sale of Pawan Hans

The government has invited fresh bids for the strategic sale of helicopter service provider Pawan Hans along with transfer of management control. The Department of Investment and Public Asset Management has floated the preliminary information memorandum inviting EoIs from potential buyers till January 19, 2021. The government owns a 51 per cent stake in Pawan Hans, while the Oil and Natural Gas Corporation holds a 49 per cent stake.