Shortlisted bidders of Pawan Hans have time till March 6 to submit their financial bids for selling the government and ONGC’s stake in the helicopter service provider, an official said. Separately, the transaction advisor has worked out a reserve price for Pawan Hans which will be submitted to the Ministry of Civil Aviation (MoCA). The MoCA will be then send the reserve price to the Evaluation Committee, which comprises financial advisors and Joint Secretaries from the Department of Investment and Public Asset Management (DIPAM) and the administrative ministry, CMD of the CPSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.