Nifty99000 100%

Sensex99000 100%

Article rating: 4.3
Article rating: No rating
Article rating: 2.0
Article rating: 1.5
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
RSS

News

All options for Pawan Hans’ divestment being looked at: Official

Author: IANS/Thursday, August 10, 2017/Categories: Aviation

All options for Pawan Hans’ divestment being looked at: Official

New Delhi - The government is considering all options for divestment of its stake in state-run chopper operator Pawan Hans, a senior official said.

According to the Ministry of Civil Aviation's senior official, a proposal for the divestment of government's stake in Pawan Hans is in the "final stage of preparation".

The ministry's proposal will be sent to an "evaluation committee" within a week's time, the official said.

Presently, the government owns 51 per cent stake in the company, while the rest is held by ONGC.

The Cabinet Committee on Economic Affairs (CCEA) had given its 'in-principle' approval for the strategic disinvestment of the state-owned chopper operator on October 27, 2016.

In another related development, a meeting was held on August 8 between senior ministry and Department of Investment and Public Asset Management (Dipam) officials to chart a way forward for divestment of government's stake in chopper operator Pawan Hans.

The meet was also attended by Civil Aviation Minister Ashok Gajapathi Raju and Minister of State for Civil Aviation Jayant Sinha.

The company was formed in 1985. Currently, it has a fleet of over 45 helicopters.

Print Rate this article:
No rating

Number of views (272)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free