ONGC prefers to sell its entire 49 pct stake in Pawan Hans: Jayant Sinha
According to the minister, the shortlisting process of the interested bidders is underway. Citing a guidance note on strategic disinvestment issued by the Department of Investment and Public Asset Management (DIPAM), Sinha said that the transaction advisor should strictly maintain the confidentiality of the potential bidders.
State-owned ONGC prefers to sell its entire 49 per cent stake in Pawan Hans and exit the helicopter services provider simultaneously along with the government, the Rajya Sabha was informed today. Image source: Reuters