The government has received an undisclosed number of financial bids for the sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. The government is selling its entire 51 per cent stake in Pawan Hans. State-owned Oil and Natural Gas Corporation (ONGC), which holds the remaining 49 per cent, has also put up its entire shareholding in the company for sale. The company provides helicopter services for the exploration activities of ONGC, as well as to the Northeast.
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