Pawan Hans privatisation receives multiple EoIs

According to reports, multiple expressions of interest (EoIs) have been received for the privatisation of Pawan Hans Limited. The transaction will now move to the second stage. The sale process, which has faced delays on account of the Covid-19 pandemic, has picked up momentum again over the past two weeks. The government may receive financial bids for Pawan Hans before the end of fiscal year 2022. The UAE’s Sky One FZE is among the bidders in the race to buy the government’s stake in the helicopter services company.