Government calls off strategic sale of Pawan Hans as winning bidder disqualified

On Monday, the government announced the cancellation of the strategic disinvestment of Pawan Hans, a 51:49 joint venture of the government and ONGC. This was due to legal issues concerning the successful bidding consortium, Star9 Mobility Pvt Ltd. The government had previously decided in April of last year that the helicopter service provider would be sold to Star9 Mobility Pvt Ltd for Rs 211.14 crore. However, in May it came to light that the lead member of the consortium

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